I’m not necessarily convinced by Stoller’s approach to solutions, which is always lots more regulation, but he’s great at highlighting important problems.

There is a third explanation for inflation and shortages, and it’s not simply that the Fed has printed too much money or that Covid introduced a supply shock (though both are likely factors.) It’s a political and policy story. The consolidation of power over supply chains in the hands of Wall Street, and the thinning out of how we make and produce things over forty years in the name of efficiency, has made our economy much less resilient to shocks. These shortages are the result.

https://mattstoller.substack.com/p/counterfeit-capitalism-why-a-monopolized