Market Concentration Grew During Obama Administration
Whether the industry is health care, energy, airlines, or telecommunication, the largest players in the economy have grown more concentrated during the past eight years. Regulatory burdens have grown in concert with business consolidation leading to greater concentration. The question remains whether regulation caused increased business consolidation, regulation grew because industries consolidated, or the simultaneous growth is merely coincidental. The trends over time paint a picture of federal regulation and bigger business growing in conjunction.