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Taming Corporate Power in the 21st Century

£17.00

Part of Elements in Reinventing Capitalism

  • Date Published: June 2022
  • availability: Available
  • format: Paperback
  • isbn: 9781009095426

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  • There is broad consensus across the political spectrum in the US that monopolistic corporations – particularly Big Tech companies -- have grown too powerful, and that we need to revive antitrust to take on the 'curse of bigness.' But both the diagnosis and the cure are rooted in an outdated understanding of how the American economy is organized. Information and communication technologies have fundamentally altered the markets for capital, labor, supplies, and distribution in ways that undermine the basic categories we use to understand the economy. Nationality, industry, firm, size, employee, and other fundamental terms are increasingly detached from the operations of the economy. If we want to understand and tame the new sources of economic power, we need a new diagnosis and a new set of tools.

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    Product details

    • Date Published: June 2022
    • format: Paperback
    • isbn: 9781009095426
    • length: 75 pages
    • dimensions: 228 x 151 x 5 mm
    • weight: 0.15kg
    • availability: Available
  • Table of Contents

    Introduction
    1. The digital transformation of business
    2. Rising monopoly power and a new Gilded Age?
    3. The problems with the monopoly narrative
    4. What is nationality now?
    5. What is industry now?
    6. What is size now?
    7. Every man an LLC? The hollow promise of entrepreneurship for all
    8. What next? Business models and power
    References.

  • Author

    Gerald F. Davis, University of Michigan

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