Raghuram Rajan: belief

Transcript context

…A lot of your early research is on business firms, corporations. A few questions there. What’s the biggest crisis today in American corporate governance? I would say that there are two big issues. One, of course, is the domination of industry after industry by a few firms. Many of these firms are well managed. Many of these firms provide efficient services, provide a service that people want. But it does raise the question going forward, how are they maintaining their dominance? And is it possible that they might chill innovation and competition going forward? That certainly is a concern. I don’t think we know the answer, but it is a concern which America’s addressed time and again in the past. What’s a sector where you have that worry?…

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