“Tom Friedman for grown ups.”
–The Washington Post
“Every American has a duty to read this book.”
–Douglas Brinkley, author of The Great Deluge, director of the Roosevelt Center at Tulane University
“A great primer” on globalization and outsourcing.
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—neo-feudalist 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 each other 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 they are missing the forest for the trees. For decades, the federal government has encouraged companies to buy each other up, outsource all their production, and make their profits by leveraging their marketshare. 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.
- Stories of real people and real industries 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 fantasies
Lynn is one of the vital new voices of this 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.
March 8, 2010
The Wall Street Journal
“A New Age of Monopolies”
March 2, 2010
The New York Times
“Why Regulations Might Actually Create Jobs”
February 26, 2010
The Washington Post
“American small businesses needn’t go extinct”
February 21, 2010
Where We Blog
“Can we Create Jobs in an Economy Controlled by a Few?”
February 17, 2010
Connecticut Public Broadcasting Network
Where We Live
February 16, 2010
Illinois Public Media
Media Matters with Bob McChesney
February 14, 2010
February 14, 2010
The Huffington Post
“William Petrocelli: Book Alert! Monopolies on the Loose!”
February 10, 2010