Cornered The New Monopoly Capitalism and the Economics of Destruction

ISBN-10: 0470928565

ISBN-13: 9780470928561

Edition: 2010

Authors: Barry C. Lynn
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Description: Regular Harper's and Financial Times contributor Barry C. Lynn paints a genuinely alarming picture: most of our public debates about globalization, competitiveness, creative destruction, and risky finance are nothing more than a cover for the widespread consolidation of power in nearly every imaginable sector of the American economy.Cornered strips the camouflage from the secret world of twenty-first-century monopolies-neofeudalist empires whose sheer size, vast resources, and immense political power enable them to control virtually every major industry in America in an increasingly authoritarian manner. He reveals how these massive juggernauts, which would have been illegal just thirty years ago, came into being, how they have destroyed or devoured their competition, and how they collude with one another to maintain their power and create the illusion of open, competitive markets.The Obama administration has promised more aggressive enforcement on antitrust issues, but Lynn argues that they are missing the forest for the trees. For decades, the federal government has encouraged companies to buy one another up, outsource all their production, and make their profits by leveraging their market share. It will take more than a lawsuit or two to overthrow America's corporatist oligarchy and restore a model of capitalism that protects our rights as property holders and citizens. Includes stories of real people and real industries that show how monopolies threaten independent businesses, squelch innovation, degrade the quality and safety of products, destabilize vital industrial and financial systems, and destroy the fabric of democracy Avoids the partisan cant that has poisoned virtually every important American debate in recent years Demonstrates how the drive for always lower prices makes your job disappear, puts your small business out of business, and turns dreams of entrepreneurial success into impossible fantasiesLynn is one of the vital new voices of his generation, and his work has been compared already to John Kenneth Galbraith and Peter Drucker. The Washington Post called Lynn's last book-on globalization- Tom Friedman for grownups. Cornered is essential reading for anyone who cares about America and its future.

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Book details

List price: $11.99
Copyright year: 2010
Publisher: John Wiley & Sons, Limited
Publication date: 3/9/2011
Binding: Paperback
Pages: 336
Size: 5.50" wide x 8.75" long x 1.00" tall
Weight: 0.836
Language: English

Preface: Of Rule and Ruin
Acknowledgments
The Hidden Monopolies Everywhere
Supply and Command
The Crystal House
The Market Masters
In the Cockpit
Lightning Escapes the Bottle
The American Piece
Wreckonomics 101
To Keep Our Republic
Notes
Select Bibliography
Index
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