Get Cornered: The New Monopoly Capitalism and the Economics of PDF

By Barry C. Lynn

ISBN-10: 0470928565

ISBN-13: 9780470928561

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

"Cornered is a true eye-opener for America's enterprise neighborhood. Barry Lynn information how the focus of strength in huge international agencies can damage marketers, stunt innovation, and gradual progress. This e-book is key to realizing how we received into our present mess."—Michael Mandel, leader economist, BusinessWeek

Barry C. Lynn, probably the most unique and wonderful scholars of the yankee economic system, paints a really alarming photograph: so much of our public debates approximately globalization, competitiveness, inventive destruction, and dicy finance are not anything greater than a canopy for the frequent consolidation of strength 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 dimension, gigantic assets, and tremendous political strength allow the folk who regulate to direct almost each significant in the United States in an more and more authoritarian demeanour. Lynn unearths how those significant juggernauts, which might were unlawful simply thirty years in the past, got here into being, how they've got destroyed or wolfed their pageant, and the way they collude with each other to keep up their energy and create the semblance of open, aggressive markets.

A confluence of small executive zealotry and erroneous effective industry theories has result in a whole dismantling of presidency oversight of undefined. Has that introduced us the promised financial utopia? simply the other. for many years, the dominant elite has used the government to all yet motivate businesses to shop for each other up, outsource all their construction, and make their earnings by means of leveraging their whole strength over the marketplace itself. Lynn makes transparent it's going to take greater than a lawsuit or to overthrow America's corporatist oligarchy and fix a version of capitalism that protects our rights as estate holders and voters, and the independence of our Republic.* information how normal electorate can sign up for jointly to overcome the nice powers, and the way to take action via relearning the genuine heritage and language of our democratic republic.* contains tales of genuine humans and genuine industries that express how monopolies threaten self sufficient companies, squelch innovation, degrade the standard and security of goods, destabilize very important business and fiscal platforms, and wreck the material of democracy* Explores monopoly strength throughout a wide range of industries, together with home equipment, car elements, beer, eyeglasses, scientific offers, dog food, surfboards, supplementations, and more.* Demonstrates how the force for "always decrease prices" makes your task disappear, places your enterprise into chapter 11, and turns goals of entrepreneurial luck into very unlikely fantasies

Lynn is that rarest of creatures, a journalist whose theoretical writings are taken very heavily by way of the pinnacle policymakers and fiscal thinkers in Washington and all over the world. His paintings has been in comparison already to John Kenneth Galbraith and Peter Drucker. The Washington Post known as Lynn's final book-on globalization-"Tom Friedman for grownups." Cornered is vital examining for somebody who cares approximately the US and its destiny.

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Additional info for Cornered: The New Monopoly Capitalism and the Economics of Destruction

Example text

Consider a book called Monopoly Rules: How to Find, Capture, and Control the Most Lucrative Markets in Any Business, published in 2006 by a professor of strategy and marketing at the University of Chicago. Among the tidbits of advice you will find in that volume is the following: “In Economics 101, you probably learned that monopolies are unnatural, illegal, and rare. Wrong! Wrong! Wrong! ” Product development? Marketing? Sales? And all the other staples of gaining that “competitive advantage” that MBAs used to study so assiduously back when Harvard Business School professor Michael Porter was America’s chief business guru?

Oh yes, and don’t forget that you will have to invest in reshaping the people’s law to your needs. ”37 The making of monopoly—the imposition of complete or nearcomplete control over an activity that had been organized in an open or semi-open market—is once again the business of business in America. Increasingly, it seems, everyone knows this except the American people. 18 CORNERED Indeed, the most difficult question for many young executives—and the capitalists who back them—is which path to monopoly to take.

Some are even officials of faraway countries. Some, like Mr. Slim, half own those countries. Perhaps worst of all, as we will see throughout the course of Cornered, in a growing number of instances, there’s actually no real owner of these monopolies at all. The Unkept Secret If you happened to turn on your television on the evening of February 15, 2006, you might have heard the following rant: “In late stage capitalism, you get a lot of monopolistic deals that totally shaft most of the population but can make you a lot of money.

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Cornered: The New Monopoly Capitalism and the Economics of Destruction by Barry C. Lynn


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