Cornered: The New Monopoly Capitalism and the Economics of - download pdf or read online

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 group. Barry Lynn information how the focus of strength in huge international enterprises can damage marketers, stunt innovation, and sluggish development. This e-book is key to knowing how we received into our present mess."—Michael Mandel, leader economist, BusinessWeek

Barry C. Lynn, essentially the most unique and astounding scholars of the yankee economic system, paints a really alarming photograph: such a lot of our public debates approximately globalization, competitiveness, artistic destruction, and dicy finance are not anything greater than a canopy for the common consolidation of energy in approximately each possible area of the yankee economy.

Cornered strips the camouflage from the key global of twenty-first-century monopolies-neofeudalist empires whose sheer measurement, huge assets, and gigantic political strength allow the folk who regulate to direct nearly each significant in the US in an more and more authoritarian demeanour. Lynn unearths how those sizeable 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 take care of their energy and create the appearance of open, aggressive markets.

A confluence of small govt zealotry and erroneous effective marketplace theories has bring about 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 way of leveraging their whole strength over the industry itself. Lynn makes transparent it's 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 voters, and the independence of our Republic.* info how standard electorate can subscribe to jointly to overcome the nice powers, and the way to take action through relearning the true heritage and language of our democratic republic.* contains tales of genuine humans and genuine industries that convey how monopolies threaten self reliant companies, squelch innovation, degrade the standard and security of goods, destabilize important commercial and fiscal platforms, and break the cloth of democracy* Explores monopoly strength throughout a wide range of industries, together with home equipment, vehicle components, beer, eyeglasses, clinical provides, dog food, surfboards, supplements, and more.* Demonstrates how the force for "always decrease prices" makes your task disappear, places your business into chapter 11, and turns desires of entrepreneurial luck into most unlikely fantasies

Lynn is that rarest of creatures, a journalist whose theoretical writings are taken very heavily by way of the head policymakers and financial thinkers in Washington and around the globe. 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 key studying for a person who cares approximately the USA and its destiny.

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

Sample text

In exchange, they will respect yours. S. health insurers provide a fine example of how this works. 43 We see the same polite retreat from direct conflict with “competitors” in many agricultural activities, like poultry production. Purdue and Tyson, for instance, organize their processing networks so that the farmers who raise birds in certain regions of the country have, for all intents, only one place to sell the products of their labor. Such trading off of markets is also increasingly common among “manufacturing” conglomerates, which every day appear more loath to challenge an entrenched leader.

Sixth, on the day I visited Menu Foods in Emporia, everything seemed to be business as usual. Even though it was only half a year or so after the recall, and even though there had been ample speculation that Menu Foods would soon go out of business because of its failings, the front door was still open. 50 Taking all these considerations together, we can reasonably conclude that the purchase by some desperate Menu Foods manager of counterfeit wheat gluten spiked with melamine and the subsequent blending of this toxin into the country’s pet food system was an almost inevitable result of the particular way that power is exercised through this chain of activity.

And Then There Was One In the spring of 2007, the fourth great merger wave of the last twentyfive years was still crashing through the global economy. Almost every day seemed to reveal new deals floating in the surf. Many were takeovers by foreign firms of competitors based in the United States. 6 billion for MedImmune of Maryland; the Taiwanese computer giant Acer buy the California PC assembler Gateway; and the Brazilian meatpacker JBSFriboi acquire the Colorado-based Swift & Company. S. firm to further consolidate an already tightly controlled domestic industry.

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


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