Evidence receipt / evaluation
Published · transcript-backedJason Furman: evaluation
26 Aug 2020 Conversations with Tyler Jason Furman on Productivity, Competition, and Growth
“Some of it isn’t a problem. It’s that you don’t need as much investment from businesses in the type of intangible economy that we have today relative to the type of heavy industry we used to have.”
Source trail
Everything needed to verify it.
- Speaker
- Jason Furman
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 26 Aug 2020
- Publisher
- Conversations with Tyler
Transcript context
…First question: why has US investment behavior been so sluggish for so long? You start with the easy ones. There’s no warm-up here, Tyler. I think there’s a lot of reasons. Some of it isn’t a problem. It’s that you don’t need as much investment from businesses in the type of intangible economy that we have today relative to the type of heavy industry we used to have. But I think part of the investment shortfall does reflect problems and failures in economic policy. In particular, the increase in concentration in certain industries has led to greater monopoly power and has reduced some of the incentives and need to make investments in those industries. And I think that’s part of the investment shortfall we can and should do something about. But if I take a sector like, say, hospitals, where there’s quite a bit of monopoly power, there’s been plenty of investments into healthcare. Is there a correlation between sectors with a lot of market power and sluggish investment?…
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