U.S., EU Diverging on Market Concentration: NYU's Philippon

The video discusses the impacts of market concentration on equity shareholders and the average person, presenting both optimistic and pessimistic views. It highlights the lack of business investment and productivity gains despite the success of large firms. The video also compares market concentration in Europe and the USA, noting changes over time and differences in internet and airline industries.

How has the market concentration issue changed between Europe and the United States over time?

What examples are provided in the text to illustrate differences in market competition between Europe and the US?