A manifesto for our times.
--Thomas Frank, "Wall Street Journal"
Barry C. Lynn, one of the most original and surprising students
of the American economy, 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 the people
who control to direct virtually every major industry in America in
an increasingly authoritarian manner. Lynn 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.
A confluence of small government zealotry and misguided
efficient market theories has lead to a complete dismantling of
government oversight of industry. Has that brought us the promised
economic utopia? Just the opposite. For decades, the dominant elite
has used the federal government to all but encourage companies to
buy one another up, outsource all their production, and make their
profits by leveraging their complete power over the market itself.
Lynn makes clear 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, and the independence of our Republic.Details how regular
citizens can join together to beat the great powers, and how to do
so by relearning the real history and language of our democratic
republic.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
democracyExplores monopoly power across a wide array of industries,
including appliances, auto parts, beer, eyeglasses, medical
supplies, pet food, surfboards, vitamins, and more.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 fantasies
Lynn is that rarest of creatures, a journalist whose theoretical
writings are taken very seriously by the top policymakers and
economic thinkers in Washington and around the world. 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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