Cornered: The New Monopoly Capitalism and the Economics of Destruction

Cornered: The New Monopoly Capitalism and the Economics of Destruction

Barry C. Lynn

"A manifesto for our times."
Thomas Frank, Wall highway Journal

Barry C. Lynn, some of the most unique and dazzling scholars of the yankee economic system, paints a certainly alarming photo: so much of our public debates approximately globalization, competitiveness, inventive destruction, and dicy finance are not anything greater than a canopy for the common consolidation of energy in approximately each possible zone of the yankee economy.

Cornered strips the camouflage from the key international of twenty-first-century monopolies-neofeudalist empires whose sheer measurement, immense assets, and massive political energy allow the folks who keep an eye on to direct almost each significant in the US in an more and more authoritarian demeanour. Lynn unearths how those giant juggernauts, which might were unlawful simply thirty years in the past, got here into being, how they've got destroyed or gobbled their festival, and the way they collude with each other to keep up their energy and create the appearance of open, aggressive markets.

A confluence of small govt zealotry and faulty effective marketplace theories has result in an entire dismantling of presidency oversight of undefined. Has that introduced us the promised fiscal utopia? simply the other. for many years, the dominant elite has used the government to all yet inspire businesses to shop for each other up, outsource all their construction, and make their earnings via leveraging their entire strength over the industry itself. Lynn makes transparent it is going to take greater than a lawsuit or to overthrow America's corporatist oligarchy and repair a version of capitalism that protects our rights as estate holders and electorate, and the independence of our Republic.

  • Details how standard voters can sign up for jointly to overcome the nice powers, and the way to take action by way of relearning the genuine heritage and language of our democratic republic.
  • Includes tales of genuine humans and actual industries that convey how monopolies threaten self sustaining companies, squelch innovation, degrade the standard and protection of goods, destabilize important commercial and monetary platforms, and damage the material of democracy
  • Explores monopoly energy throughout a big selection of industries, together with home equipment, vehicle elements, beer, eyeglasses, scientific offers, dog food, surfboards, supplementations, and more.
  • Demonstrates how the force for "always decrease costs" makes your task disappear, places your online business into bankruptcy, and turns goals of entrepreneurial good fortune into most unlikely fantasies

Lynn is that rarest of creatures, a journalist whose theoretical writings are taken very heavily through the head policymakers and fiscal thinkers in Washington and world wide. His paintings has been in comparison already to John Kenneth Galbraith and Peter Drucker. The Washington Post referred to as Lynn's final book-on globalization-"Tom Friedman for grownups." Cornered is vital studying for a person who cares approximately the US and its future.

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