Cornered : The new monopoly capitalism and the economics of destruction
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Cornered : The new monopoly capitalism and the economics of destruction

3.82 of 5 stars 3.82  ·  rating details  ·  50 ratings  ·  14 reviews
You're at the mall, looking to buy a pair of prescription sunglasses. Which of the four eyeglass stores listed in the directory should you visit first? Don't waste a lot of time deciding; it really doesn't matter. A single, huge international corporation owns three of the four eyeglass stores listed. And the fourth? Out of business. Think you'll try your luck at Sears? Don...more
Hardcover, 312 pages
Published 2010 by John Wiley & Sons (first published December 10th 2009)
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A brilliant and sweeping treatise on the deteriorating state of Western economies. In three parts, this book covers what went wrong, how it went wrong, why it went wrong, who is to blame, and how to fix it. 5 stars!
Barry Lynn's new book is a good explanation of how corporations have cornered capitalism, leaving little room for the entrepreneurs who create more jobs. Think of the oligopolies in the banking, weapons, accounting, food production, etc. sectors. But this book is very accessible, and not at all intimidating for the non-economist who wants to know why, if there are so many brands on the shelf, it can be said that there are just a few companies that control the food market. He also does an interes...more
Paul Namie
This is a fascinating book on the effect that financial deregulation has had on the "free market" economy. The author explains how Corporate Monopolies in almost every industry threaten consumer choices and the quality of the goods that are produced. He compares the control that the monopolies have to a form of Quasi Socialism, where competion and innovation are stifled and controlled by the finance industry instead of the entrepenurs and scientific innovators.
Firstly, I would like to say that I enjoyed this book for one reason in particular. The author lays out a simple, yet well thought analysis of our current capitalist system. The book is similar to The Shock Doctrine in many respects, but is organized slightly differently and contains a few issues that I thought detracted from the impact of the book.

I had concern over a few issues that pervaded the work. The author seems to have a nostalgia for the pre-Civil War period in American history, where...more
John G.
This book nails it, the real problem which is concentrated power in fewer and fewer hands. It's rare to see anyone express these sentiments so forcefully and in such a straight forward manner. Lynn takes off the kid gloves in this book. This book made economic history come alive and made me realize how important it is to know history and that, no, things really haven't always been this way and that's it's not natural at all for things to take this shape. He made me realize that politics and poli...more
Get this book...

I'll admit, it was kind of a hard slog for me to read, but by the time you get to chapter two, you will not regret it. This is a literal textbook case as to the "why" of the Crash of '08 and the subsequent recession that followed it.

He shows historical precedent in every case, and, as humans are wont to do, repeat history again. Whether detailing the role of the financier, the laborer, the small investor, CEO, etc, this book breaks down the original purpose of a corporation, and...more
Maria  D
This book totally changed my view about monopolies, their way of operation and creation, and the laws of "free market" today.

The book is full of facts that open your mind to the world you didn't think you live in. So I think it was a very important read.

That said, I have to say I didn't enjoy the writing much, and skipped some parts of the book, especially the historical ones. The writer is clearly biased towards certain economic views, repeats himself a lot, wastes words, and I think about thir...more
Hans de Zwart
This book mainly explains what it wrong with capitalism in the US. It has a very US-centric view on the world (concerned with how to fix things for the benefit of the US). The shorted possible gist: we've allowed monopolies to socialize risk and thus govern our lives. It thought it was a real shame Lynn didn't fundamentally address the current information monopolies that Google, Facebook and Amazon are exercising. My favourite chapter was chapter 7 in which he takes a worthwhile dive into geopol...more
Barry C. Lynn traces the startling concentration of power occurring in US industry in 2010 in this enlightening expose. He surprisingly sees Milton Friedman and John Kenneth Galbraith as partners (!) in starting today's monopolization, with Robert Reich assisting via his _The Work of Nations_. It's an interesting read.
He sure doesn't care for Friedman much -- he is about as complementary to Uncle Miltie as Naomi Klein, and about as truthfully (which is to say, not much). He also misreads Schumpeter pretty thoroughly. With that said, the policy recommendations at the back make a fair bit of sense.
Very interesting and timely book. I'm not an economist and had a hard time following the information in the book. But overall a very powerful explanation of the unchecked power of corporations and the threat to our country unless there are significant changes.
Interesting info that makes sense to me and with the bit of economic knowledge I've got, I believe it. I'm just not sure how the editor let pass the author's tendency to over-explain and repeat himself.

Content: Good
Writing: Unreadable
Disappointed in this book. Basic point is that there's a lot of consolidation in distribution channels/producing that we don't really see (E.g. Wal-Mart) and that aren't good. But it's repetitive -- and seems to misuse the term/concept "monopoly".
Depressing....but eye opening
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End of the Line: The Rise and Coming Fall of the Global Corporation Cornered: The New Monopoly Capitalism and the Economics of Destruction

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