This is a world where four major banks control most of our money, four airlines shuttle most of us around the country, and four major cell phone providers connect most of our communications. If you are sick you can go to one of three main pharmacies to fill your prescription, and if you end up in a hospital almost every accessory to heal you comes from one of a handful of large medical suppliers.
Dayen, the editor of the American Prospect provides an account of what it means to live in this new age of monopoly and how we might resist this corporate hegemony.
Blending professional rigor with journalistic flair, Dayen, executive editor of the American Prospect, takes readers on a comprehensive tour of the American economy, revealing 'the collections of monopolies encircling our every move' ... Dayen grounds his portrait in vivid illustrations of how a handful of companies have the power to profoundly affect people’s daily lives ... Dayen concludes with a glimmer of hope that some of the early successes of what’s been called the 'New Brandeis' movement (named for the late Supreme Court justice, an avowed foe of monopolies in the early 20th century) will energize a consumer backlash against these concentrations of wealth and power.
Dayen has collected data and case studies that reveal how a handful of megacorporations dominates daily life to the detriment of many Americans. His extensive research reveals how monopolies have eliminated genuine consumer choice, worker protections, and competition while also stifling innovation and racking up enormous corporate profits. Dayen exposes the influence these entities have gained over public officials at the expense of the public good ... Dayen’s investigation is as well-written and compelling as it is disturbing in its detailed and hard-hitting revelations. But Dayen moves beyond the injustice and insult of it all to remind readers that America has faced the threat of monopolies and unfair economic practices in the past and created ways to regulate and rein in such damaging practices. And as his concluding chapter on fighting back makes clear, the U.S. can do so again with a rise in citizen awareness and activism.
...a sweeping, deeply researched assessment of the adverse consequences of monopolies on American life ... Balancing copious data with profiles of workers and business owners, and writing in clear, accessible language, Dayen makes a persuasive argument that reining in big business should be a priority for American voters and policy makers. This is an incisive, irrefutable call to action.