Restored Competition Will Lessen U.S. Inequality
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May 31 (Bloomberg) -- The U.S. middle class is squeezed bythe rising costs of college education and health care, and aneconomy that increasingly rewards only superstars. Fixing theseproblems requires introducing greater competition into eacharea.
Academics: The most dangerous crony capitalists are thosewho can wrap their requests for protection and subsidies in anoble cause. The market for higher education is far fromcompetitive. Government subsidies and industry-controlledaccreditation make entry for new institutions extremelydifficult.