Antitrust: Taking on Monopoly Power from the Gilded Age to the Digital Age By Amy Klobuchar

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Name: Audio Book Antitrust: Taking on Monopoly Power from the Gilded Age to the Digital Age with Free MOBI EDITION
Rating: 9.7 (1196 reviews)
Author: Amy Klobuchar

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Audio Book Antitrust: Taking on Monopoly Power from the Gilded Age to the Digital Age with Free MOBI EDITION Download Now!

NY TIMES NATIONAL BEST SELLERAntitrust enforcement is one of the most pressing issues facing America today—and Amy Klobuchar, the widely respected senior senator from Minnesota, is leading the charge. This fascinating history of the antitrust movement shows us what led to the present moment and offers achievable solutions to prevent monopolies, promote business competition, and encourage innovation. In a world where Google reportedly controls 90 percent of the search engine market and Big Pharma’s drug price hikes impact healthcare accessibility, monopolies can hurt consumers and cause marketplace stagnation. Klobuchar—the much-admired former candidate for president of the United States—argues for swift, sweeping reform in economic, legislative, social welfare, and human rights policies, and describes plans, ideas, and legislative proposals designed to strengthen antitrust laws and antitrust enforcement. Klobuchar writes of the historic and current fights against monopolies in America, from Standard Oil and the Sherman Anti-Trust Act to the Progressive Era's trust-busters; from the breakup of Ma Bell (formerly the world's biggest company and largest private telephone system) to the pricing monopoly of Big Pharma and the future of the giant tech companies like Facebook, Amazon, and Google. She begins with the Gilded Age (1870s-1900), when builders of fortunes and rapacious robber barons such as J. P. Morgan, John Rockefeller, and Cornelius Vanderbilt were reaping vast fortunes as industrialization swept across the American landscape, with the rich getting vastly richer and the poor, poorer. She discusses President Theodore Roosevelt, who, during the Progressive Era (1890s-1920), "busted" the trusts, breaking up monopolies; the Clayton Act of 1914; the Federal Trade Commission Act of 1914; and the Celler-Kefauver Act of 1950, which it strengthened the Clayton Act. She explores today's Big Pharma and its price-gouging; and tech, television, content, and agriculture communities and how a marketplace with few players, or one in which one company dominates distribution, can hurt consumer prices and stifle innovation. As the ranking member of the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, Klobuchar provides a fascinating exploration of antitrust in America and offers a way forward to protect all Americans from the dangers of curtailed competition, and from vast information gathering, through monopolies.

At this time of writing, The Ebook Antitrust: Taking on Monopoly Power from the Gilded Age to the Digital Age has garnered 10 customer reviews with rating of 5 out of 5 stars. Not a bad score at all as if you round it off, it’s actually a perfect TEN already. From the looks of that rating, we can say the Ebook is Good TO READ!

Audio Book Antitrust: Taking on Monopoly Power from the Gilded Age to the Digital Age with Free MOBI EDITION!

Senator Amy Klobuchar’s new history of antitrust efforts in America does have, despite serious flaws, a remarkable consistency between text, content and suggested response.Rather than writing an academic or scholarly history of antitrust, Klobucher chooses to write in the popular genre. In this account, all efforts to combat conglomeration are good; she uses the fear mongering label of multinational corporations to stand for entities which are always bad.But the book is remarkably of one piece. Klobuchar wants to start a populist movement that demands more antitrust regulation by the federal government. As in all popular movements, narratives and ideas are simplified. If businesses are big they must be anticompetitive. Small businesses, on the other hand, are the lifeblood and heartbeat of America.And Klobuchar’s solutions are correspondingly simple. Shift the burden from the government to businesses to prove that their mergers are not anticompetitive. Presume that monopolists who control over 30% of the market are anticompetitive. No longer demand that predatory pricing be proven harmful to consumers.As someone who spent two and a half years working in the Antitrust Division of the Justice Department I can assure you that these questions are not so simple. While growing consolidation of markets is real, it’s not caused simply by lax antitrust enforcement. The staffers at the DOJ and FTC are seriously trying to balance effective antitrust enforcement with legitimate changes in firm structure driven by technological advances. While increased attention to antitrust problems is certainly welcome, a populist movement demanding simple solutions to over-simplified problems is hardly useful.So I can’t really recommend Senator Klobuchar’s book. It smells too heavily of the campaign trail and not enough of the classroom. But liberal minded opponents of big business will find their ideas echoed in these pages and may disagree with some of the above opinions. For the rest of us, a safe pass.

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