A great argument for tougher competition enforcement

I am a staunch supporter of much more stringent competition scrutiny in American in general and in American Finance specifically (I think it has to be part of reforms going forward), and John Kay in the FT makes a great case for it: "Powerful interests are trying to control the market." The key is to recognize "rent-seeking" in the rich world is a form of corruption, which varies in degree but not in kind from that of poorer countries, and to recognize that we have a serious problem with it here in America.