#Brexit, #Trump and the new success of “old” Europe. A good read about American freedom and oligarcy

Reality update: America is not the land of the free but one of monopolies so predatory they imperil the nation | Will Hutton | Opinion | The Guardian … :

Except the latest research demonstrates the reverse is true. Britain is about to make a vast mistake. In the recently published The Great Reversal, leading economist Thomas Philippon of New York University and member of the advisory panel of the New York Federal Reserve, mounts a devastating attack on the conventional wisdom, so perfectly embodied by the witless Boris Johnson. The news is that over the last 20 years per capita EU incomes have grown by 25% while the US’s have grown 21%, with the US growth rate decelerating while Europe’s has held steady – indeed accelerating in parts of Europe. What is going on?