The Curse of Bigness: Antitrust in the New Gilded Age

The Curse of Bigness: Antitrust in the New Gilded Age Review

"Persuasive and brilliantly written, the book is especially timely given the rise of trillion-dollar tech companies."--Publishers Weekly

From the man who coined the term "net neutrality," author of The Master Switch and The Attention Merchants, comes a warning about the dangers of excessive corporate and industrial concentration for our economic and political future.

We live in an age of extreme corporate concentration, in which global industries are controlled by just a few giant firms -- big banks, big pharma, and big tech, just to name a few. But concern over what Louis Brandeis called the "curse of bigness" can no longer remain the province of specialist lawyers and economists, for it has spilled over into policy and politics, even threatening democracy itself. History suggests that tolerance of inequality and failing to control excessive corporate power may prompt the rise of populism, nationalism, extremist politicians, and fascist regimes. In short, as Wu warns, we are in grave danger of repeating the signature errors of the twentieth century.

In The Curse of Bigness, Columbia professor Tim Wu tells of how figures like Brandeis and Theodore Roosevelt first confronted the democratic threats posed by the great trusts of the Gilded Age--but the lessons of the Progressive Era were forgotten in the last 40 years. He calls for recovering the lost tenets of the trustbusting age as part of a broader revival of American progressive ideas as we confront the fallout of persistent and extreme economic inequality.

Title:The Curse of Bigness: Antitrust in the New Gilded Age
Edition Language:English

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    Some Testimonial About This Book:

  • Tim Wu

    I learned an awful lot writing it....

  • Charles

    As the ideological tectonic plates shift in America, many apparently settled matters have become unsettled. This creates, at the same time, both conflict and strange bedfellows, though I suspect the l...

  • Mehrsa

    Such an important (and short) book on the necessity of reviving old school trust-busting. Wu does an excellent job showing what went wrong (basically, Chicago school econ and Bork). He's absolutely ri...

  • Barry

    This book traces the history and theory behind anti-trust regulations, and shows how and why these laws should be more vigorously applied. The necessity of breaking up monopolies is an idea that peopl...

  • Peter O'Kelly

    Some related resources to consider -- reviews/interviews:https://www.theverge.com/2018/9/4/178...http://nymag.com/intelligencer/2018/1...https://www.thenation.com/article/tim...An excerpt: https://www...

  • David Dayen

    As an introduction to the history and current state of antitrust and market concentration, you can't do much better. A slim but important volume....

  • Jason Furman

    An outstanding, short, insightful capsule history of antitrust and antitrust through from the establishment of the Clayton Act in 1890 through the latest issues with the tech giants. All of it written...

  • David

    interesting history of antitrust and argument that we need to get back to the original interpretations of Sherman Act and overall point of antitrust. Claims that Bork among others led everyone astray ...

  • Marks54

    This is a short but clearly written and even elegant argument for revitalizing how antitrust law are interpreted and employed in the US economy, with a particular reference to nascent anticompetitive ...

  • Ietrio

    Another fallacious argument for the totalitarian state. The guy lives and publishes on tax money, so in his context the argument makes sense: anything that will give him a bigger pension plan as long ...