Business Investment in a Robber Baron Recession

The video discusses Krugman's essay on investment, focusing on Verizon's reluctance to invest in broadband due to market dynamics. It explores economic incentives, competition, and infrastructure investment strategies, comparing current trends with historical economic patterns.

In what ways does the text compare the economic situation of the current era to the late 1930s?

What are the implications of acquiring competitors versus aggressive capital outlay plans in a slow-growing economy?