Cornered
by Barry C. Lynn · first published 2010
4mentions
2recommended by
3HN commenters
2015–2019first – last mentioned
67% recommend33% neutral
Journalist Barry C. Lynn paints an 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 sector of the American economy.
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For a detailed and insightful treatment of the evolution of antitrust law in the US, I recommend “Cornered” by Barry Lynn. The key point is that the interpretation of the law changed in the 80s to a very narrow test of monopoly - whether a company’s dominant position in an industry hurt consumers (ie created…
on “The U.S. Forgot What Antitrust Is For” ↗Also, see the book Cornered by Barry C. Lynn, who argues that over the last couple decades, the U.S. economy has been mostly taken over by monopolies, so we don't have much open free market competition anymore. The monopolies generally…
on “The Financialization of the American Elite” ↗for further reading on the history of monopolies and the change in approach to limiting them, in addition to the article’s author’s book, I recommend Cornered by Barry Lynn.
on “Google, Facebook, and Amazon benefit from an outdated definition of “monopoly”” ↗Perhaps reality and the market are not as its been described to you? http://www.amazon.com/Cornered-Monopoly-Capitalism-Economics...
on “Why are glasses so expensive? (2012)” ↗