February 15, 2010

Another Important Piece of the Puzzle: "The New Monopoly Capitalism"

Below is a talk by Harper's and Financial Times contributor, Barry C. Lynn, on how the evisceration of U.S. antitrust laws since Reagan has allowed a concentration of monopolistic power that far exceeds even that achieved during the Gilded Age. The facts laid out shocked even me.

Lynn's new book is titled, "Cornered: The New Monopoly Capitalism and the Economics of Destruction." To skip most of the intro, which I found a bit long, start ca. 5 min. in.

Sounds like Lynn's work dovetails nicely with that of Adam Curtis (see Century of the Self; or click on "Adam Curtis" in the labels in the footer of this post for more info).

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