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The Curse of Bigness: Antitrust in the New Gilded Age
Contributor(s): Wu, Tim
ISBN: 0999745468     ISBN-13: 9780999745465
Publisher: Columbia Global Reports
    OUR PRICE: $13.49  
Product Type: Paperback
Published: November 2018
Qty:
Annotation: "We live in an age of extreme corporate concentration, in which global industries are controlled by just a few giant 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"--Publisher's description.
Additional Information
Library of Congress Subjects:
Antitrust law; United States.
Antitrust investigations; United States; History.
Income distribution; United States; History.
BISAC Categories:
- Business & Economics | Business Law
- Business & Economics | Consumer Behavior
Dewey: 343.7307/21
LCCN: 2018949786
Academic/Grade Level: General Adult
Book type: Non-Fiction
Physical Information: 7.50" H x 5.00" W x 0.50" (0.40 lbs) 154 pages
 
Descriptions, Reviews, Etc.

Reviewed by Publishers Weekly Reviews (PW Reviews 2018 September #4)

In this short but persuasive book, Wu (The Attention Merchants), a Columbia law professor, connects the current political climate to a decline in antitrust enforcement. From the rise of U.S. Steel and Standard Oil through the "trust-busting" days of Teddy Roosevelt, Wu shows how antitrust laws, as championed by Louis Brandeis (who coined the term "the curse of bigness"), once functioned as a check on private power. In the modern era, however, enforcement has steadily declined; the George W. Bush administration did not bring a single antitrust action in eight years. The results, Wu argues, are a widening income gap and corporations subverting electoral politics. In the 20th century, he writes, "nations that failed to control private power and attend to the needs of their citizens faced the rise of strongmen who promised a more immediate deliverance from economic woes." The book's brevity is an asset—Wu skillfully avoids economic and legal rabbit holes, keeping the book laser-focused on his thesis: that antitrust enforcement must be restored "as a check on power as necessary in a functioning democracy before it's too late." Persuasive and brilliantly written, the book is especially timely given the rise of trillion-dollar tech companies. (Nov.)

Copyright 2018 Publishers Weekly.

Reviewed by Publishers Weekly Reviews (PW Reviews 2018 September #4)

In this short but persuasive book, Wu (The Attention Merchants), a Columbia law professor, connects the current political climate to a decline in antitrust enforcement. From the rise of U.S. Steel and Standard Oil through the "trust-busting" days of Teddy Roosevelt, Wu shows how antitrust laws, as championed by Louis Brandeis (who coined the term "the curse of bigness"), once functioned as a check on private power. In the modern era, however, enforcement has steadily declined; the George W. Bush administration did not bring a single antitrust action in eight years. The results, Wu argues, are a widening income gap and corporations subverting electoral politics. In the 20th century, he writes, "nations that failed to control private power and attend to the needs of their citizens faced the rise of strongmen who promised a more immediate deliverance from economic woes." The book's brevity is an asset—Wu skillfully avoids economic and legal rabbit holes, keeping the book laser-focused on his thesis: that antitrust enforcement must be restored "as a check on power as necessary in a functioning democracy before it's too late." Persuasive and brilliantly written, the book is especially timely given the rise of trillion-dollar tech companies. (Nov.)

Copyright 2018 Publishers Weekly.

Reviewed by Publishers Weekly Reviews (PW Reviews 2018 September #4)

In this short but persuasive book, Wu (The Attention Merchants), a Columbia law professor, connects the current political climate to a decline in antitrust enforcement. From the rise of U.S. Steel and Standard Oil through the "trust-busting" days of Teddy Roosevelt, Wu shows how antitrust laws, as championed by Louis Brandeis (who coined the term "the curse of bigness"), once functioned as a check on private power. In the modern era, however, enforcement has steadily declined; the George W. Bush administration did not bring a single antitrust action in eight years. The results, Wu argues, are a widening income gap and corporations subverting electoral politics. In the 20th century, he writes, "nations that failed to control private power and attend to the needs of their citizens faced the rise of strongmen who promised a more immediate deliverance from economic woes." The book's brevity is an asset—Wu skillfully avoids economic and legal rabbit holes, keeping the book laser-focused on his thesis: that antitrust enforcement must be restored "as a check on power as necessary in a functioning democracy before it's too late." Persuasive and brilliantly written, the book is especially timely given the rise of trillion-dollar tech companies. (Nov.)

Copyright 2018 Publishers Weekly.