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The curse of bigness: antitrust in the new gilded age

By: Wu, Tim.
Material type: materialTypeLabelBookPublisher: New York Columbia Global Reports 2018Description: 154 p. Includes bibliographical references.ISBN: 9780999745465.Subject(s): Politics and government | Antitrust investigations | Antitrust lawDDC classification: 338.80973 Summary: From the man who coined the term “net neutrality,” author of The Master Switch and The Attention Merchants, comes a warning about the dangers of excessive corporate and industrial concentration for our economic and political future. We live in an age of extreme corporate concentration, in which global industries are controlled by just a few giants firms—big banks, big pharma, and big tech, just to name a few. But concern over what Louis Brandeis called the “curse of bigness” can no longer remain the province of specialist lawyers and economists, for it has spilled over into policy and politics, even threatening democracy itself. History suggests that tolerance of inequality and failing to control excessive corporate power may prompt the rise of populism, nationalism, extremist politicians, and fascist regimes. In short, as Wu warns, we are in grave danger of repeating the signature errors of the twentieth century. In The Curse of Bigness, Columbia professor Tim Wu tells of how figures like Brandeis and Theodore Roosevelt first confronted the democratic threats posed by the great trusts of the Gilded Age—but the lessons of the Progressive Era were forgotten in the last 40 years. He calls for recovering the lost tenets of the trustbusting age as part of a broader revival of American progressive ideas as we confront the fallout of persistent and extreme economic inequality. https://globalreports.columbia.edu/books/the-curse-of-bigness/
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Slot 954 (0 Floor, East Wing) Non-fiction 338.80973 W8C8 (Browse shelf) Checked out 23/09/2020 201620

Table of Contents

The monopolization movement
The right to live, and not merely to exist
The Trustbuster
Peak antitrust and the Chicago School
The last of the big cases
Chicago triumphant
The rise of the tech trusts
A neo-Brandeisian agenda.

From the man who coined the term “net neutrality,” author of The Master Switch and The Attention Merchants, comes a warning about the dangers of excessive corporate and industrial concentration for our economic and political future.

We live in an age of extreme corporate concentration, in which global industries are controlled by just a few giants firms—big banks, big pharma, and big tech, just to name a few. But concern over what Louis Brandeis called the “curse of bigness” can no longer remain the province of specialist lawyers and economists, for it has spilled over into policy and politics, even threatening democracy itself. History suggests that tolerance of inequality and failing to control excessive corporate power may prompt the rise of populism, nationalism, extremist politicians, and fascist regimes. In short, as Wu warns, we are in grave danger of repeating the signature errors of the twentieth century.
In The Curse of Bigness, Columbia professor Tim Wu tells of how figures like Brandeis and Theodore Roosevelt first confronted the democratic threats posed by the great trusts of the Gilded Age—but the lessons of the Progressive Era were forgotten in the last 40 years. He calls for recovering the lost tenets of the trustbusting age as part of a broader revival of American progressive ideas as we confront the fallout of persistent and extreme economic inequality.

https://globalreports.columbia.edu/books/the-curse-of-bigness/

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