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Barry Lynn on the Amazon v Macmillan battle
Regular Harpers 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.
Lynn 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.
"Cornered has changed my view of what's gone wrong with American capitalism. Brilliantly argued and meticulously reported, it confronts with the age-old enemy of both progressives and libertarian conservatives -- the power of monopoly." -- Barbara Ehrenreich, Nickel and Dimed
"If economic institutions are too big to fail, then they are too big. That's a lesson we learned from the recent economic crisis. Or did we? In Cornered, Barry Lynn shows how Washington has doubled down on the same failed policies. Cornered is not only a history, it is a guide to the next meltdown. A great argument, greatly needed." -- James P. Pinkerton, contributor, Fox News Channel, former advisor to presidents Ronald Reagan and George H.W. Bush