These forces, in turn, were accelerated by the increasingly winner-take-all dynamics of the economy that were unleashed by the demise of traditional industries and regulations.

Starting in the 1960s, the social and legal institutions of America were remade to try to eliminate unfair choices by people in positions of responsibility. The new legal structures reflected a deep distrust of human authority in even its more benign forms—a teacher’s authority in the classroom, or a manager’s judgments about who’s doing the job, o

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If he had a unifying principle, politically and economically, it is what we have said: that concentrated power in any form is dangerous, that institutions should be built to human scale, and society should pursue human ends. Every institution, public and private, runs the risks of taking on a life of its own, putting its own interests above those o

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