Monopolies Suck: 7 Ways Big Corporations Rule Your Life and How to Take Back Control

Monopolies Suck: 7 Ways Big Corporations Rule Your Life and How to Take Back Control

  • Downloads:1940
  • Type:Epub+TxT+PDF+Mobi
  • Create Date:2021-12-20 06:51:15
  • Update Date:2025-09-06
  • Status:finish
  • Author:Sally Hubbard
  • ISBN:198214971X
  • Environment:PC/Android/iPhone/iPad/Kindle

Summary

An urgent and witty manifesto, Monopolies Suck “lucidly explains how monopolies threaten democracy, worsen inequality, and imperil the American Dream—and why it’s more important than ever to take action” (David Cicilline)。

Something’s not right。 No matter how hard you work, life seems to only get harder。 When your expenses keep going up but your income stays flat, when you’re price-gouged buying medicine for your child’s life-threatening allergy, when you live in a hyped-up state of fear and anxiety, monopoly power is playing a key role。 In Monopolies Suck, antitrust expert and director at the Open Markets Institute, Sally Hubbard, shows us the seven ways big corporations rule our lives—and what must be done to stop them。

Throughout history, monopolists who controlled entire industries like railroads and oil were aptly called “robber barons” because they extracted wealth from everyone else—and today’s monopolies are no different。 By charging high prices, skirting taxes, and reducing our pay and economic opportunities, they are not only stealing our money, but also robbing us of innovation and choice, as market dominance prevents new companies from challenging them。 They’re robbing us of the ability to take care of our sick, a healthy food supply, and a habitable planet by using business practices that deplete rather than generate。 They’re a threat to our private lives, fair elections, a robust press, and ultimately, the American Dream that so many of us are striving for。

In this “accessible guide” (Zephyr Teachout, author of Break ‘Em Up), Sally Hubbard gives us an easy-to-understand overview of the history of monopolies and antitrust law, and urges us to use our voices, votes, and wallets to protest monopoly power。 Emboldened by the previous century when we successfully broke up monopoly power in the US, we have the tools to dismantle corporate power again today—before their lobbying threatens to undermine our economy and democracy for generations to come。

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Reviews

Narendran Thangarajan

While reading Tim Wu's "The Curse of Bigness" I wanted to read a couple other books which were for and against the antitrust law to try to get a balanced picture of the conversation。 I've made it deliberate that the 4/5 rating is not for the side of the debate, it is purely for the book's content。The author makes excellent points in many parts of the book。 I especially liked the places where she quoted the marginal cost of monopolies in wages, healthcare, and even poultry markets from various re While reading Tim Wu's "The Curse of Bigness" I wanted to read a couple other books which were for and against the antitrust law to try to get a balanced picture of the conversation。 I've made it deliberate that the 4/5 rating is not for the side of the debate, it is purely for the book's content。The author makes excellent points in many parts of the book。 I especially liked the places where she quoted the marginal cost of monopolies in wages, healthcare, and even poultry markets from various reports。 But I did find quite a bit of over-attributing of societal issues to monopolies as well which diluted the content of the book。 Also the second part of the book on taking back control was very small and mostly impractical & unconvincing to both common people and policy makers。 。。。more

April Anderson

Monopolies Suck was a real eye-opener for me。 Sally Hubbard is an expert on anti-trust laws, and this book helps us non-experts understand "7 Ways Big corporations Rule Your Life and How to Take Back Control"。 Big ag, big pharma, big medicine, and big tech call the shots。 With little competition, choice, and regulation, costs go up and services go down。 Profits are prioritized, not the consumer。 Entrepreneurs don't have an equal playing field。 I learned that we can fight back by electing people Monopolies Suck was a real eye-opener for me。 Sally Hubbard is an expert on anti-trust laws, and this book helps us non-experts understand "7 Ways Big corporations Rule Your Life and How to Take Back Control"。 Big ag, big pharma, big medicine, and big tech call the shots。 With little competition, choice, and regulation, costs go up and services go down。 Profits are prioritized, not the consumer。 Entrepreneurs don't have an equal playing field。 I learned that we can fight back by electing people who will enforce anti-trust laws and not be bought by lobbyists。 A better quality of life is possible if we act on the information in this book。 。。。more

Sam

Compact and well-research, though most of it is focused on how big tech sucks (and a bit about airlines)。 The quote from Thurgood Marshall was important, and I think I would have liked more legal history。

Nik

Tough one to rate。 There are excellent chapters and moments of brilliance, and the overall mission Hubbard is going for is clear and admirable。 But there's also a lot of fluff, arguments and connections that I feel are poorly made or thinly sourced (despite a really impressive number of sources), and a lot of places where the tangents seem to detract from the book's purpose。 Tough one to rate。 There are excellent chapters and moments of brilliance, and the overall mission Hubbard is going for is clear and admirable。 But there's also a lot of fluff, arguments and connections that I feel are poorly made or thinly sourced (despite a really impressive number of sources), and a lot of places where the tangents seem to detract from the book's purpose。 。。。more

Ietrio

A very deceitful book。 Sure, the monopoly is bad。 Any way someone defines it, the results are bad for the general public。 So what is the solution? Bring in some other monopoly, the state, as avenging angel。 So the book isn't about monopolies at all。 If anything Hubbard builds a case for stronger, more evil monopolies。 The book is against the private sector。 The book is against the little people。 Why take free email from Google when you can pay a 30% sales tax to have a DMV-like government approv A very deceitful book。 Sure, the monopoly is bad。 Any way someone defines it, the results are bad for the general public。 So what is the solution? Bring in some other monopoly, the state, as avenging angel。 So the book isn't about monopolies at all。 If anything Hubbard builds a case for stronger, more evil monopolies。 The book is against the private sector。 The book is against the little people。 Why take free email from Google when you can pay a 30% sales tax to have a DMV-like government approved email? 。。。more

B

The content is accessible, and the author makes a strong anti-trust case about the companies (especially Google, Facebook, Amazon and Apple) in that their monopolistic grip of the market has trashed our environment, made a mockery of any remnant of our privacy, crushed competition, innovation, and disregarded most basic labor/employee rights – admirable, and an argument that I espouse to as well。 The overall argument suffers, however, because: the author repeats herself numerous times (the book The content is accessible, and the author makes a strong anti-trust case about the companies (especially Google, Facebook, Amazon and Apple) in that their monopolistic grip of the market has trashed our environment, made a mockery of any remnant of our privacy, crushed competition, innovation, and disregarded most basic labor/employee rights – admirable, and an argument that I espouse to as well。 The overall argument suffers, however, because: the author repeats herself numerous times (the book could well have been half its volume); she blends in a feminist/#metoo rhetoric with the main argument (no, monopolists don’t discriminate, and don’t care whether you’re a male/female); and she takes an overly optimistic tone with regards to reining in monopolies’ outgrown influence/power (care to boycott by unplugging yourself from Google/FB/Amazon/Apple’s tentacles by ditching your I-phone, stopping to buy the essential food via amazon in the midst of a pandemic, desist from using gmail or the google search, and resist the temptation to link up with friends on an easily accessible platform? Easier said than done…) At the risk of sounding pessimistic, I don’t think joining a grassroot group or writing to my congressman (author’s suggestions) will make an iota of difference in reducing monopolies’ power。 My answer? If I had one, I’d write a book on the topic :/ 。。。more