ITIF-大揭秘：认真对待美国和欧洲的竞争（英）-2023.5-30页_301kb

The ITIF report counters Thomas Philippon's claim in "The Great Reversal" that the U.S. economy faces declining competition compared to the EU, presenting data to show that U.S. competition is effective and that EU policies may hinder growth. Key points include:

• U.S. market concentration has largely remained stable or declined slightly since 2002, with a higher share of low-concentration industries growing.
• Profitability in the U.S. is not increasing; domestic profits as a share of GDP are lower than in the 1950s and 1960s, and net profit margins between the U.S. and Western Europe are comparable.
• U.S. productivity and innovation are higher than in Europe, with labor productivity growing faster in the U.S.
• Specific sector analyses, such as airlines and broadband, are refuted; U.S. airlines show stable competition, falling prices, and higher productivity, while broadband costs in the U.S. are supported by higher investments.
• The report argues that aggressive EU antitrust enforcement harms economic growth and innovation, whereas U.S. antitrust policies are more consumer-friendly and based on total welfare.

Overall, the report concludes that Philippon's findings are flawed and that the U.S. economy remains competitive, challenging the neo-Brandeisian push for more intervention.