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"Cornered is a real eye-opener for America's business community. Barry Lynn details how the concentration of power in large global corporations can hurt entrepreneurs, stunt innovation, and slow growth. This book is essential to understanding how we got into our current mess."
—Michael Mandel, chief economist, BusinessWeek
"If you thought you knew how the world works, think again. In this razor-sharp and chilling analysis of today's production system, Lynn hits us—and hits us hard—with his warning about the physical dangers posed by the concentration in our industrial and food systems, which has advanced so far so quickly without most of us realizing. This is a truly groundbreaking and eye-opening piece of work."
—Ha Joon Chang, author of Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism
"Is the United States heading down the same economic path as Mexico? As Barry C. Lynn makes clear in this notable book, the answer appears to be yes—America's political economy is increasingly ruled by private monopolists who choke off growth and use the powers of government for their own ends."
—Jorge Castaneda, former Foreign Minister of Mexico and author of Utopia Unarmed and Companero
"If economic institutions are too big to fail, then they are too big. That's a lesson we learned from the recent economic crisis. Or did we? In Cornered, Barry Lynn shows how Washington has doubled down on the same failed policies. Cornered is not only a history, it is a guide to the next meltdown."
—James Pinkerton, contributor, Fox News Channel
Acknowledgments xix
1 The Hidden Monopolies Everywhere 1
2 Supply and Command 31
3 The Crystal House 57
4 The Market Masters 92
5 In the Cockpit 124
6 Lightning Escapes the Bottle 152
7 The American Piece 178
8 Wreckonomics 101 211
9 To Keep Our Republic 238
Notes 251
Select Bibliography 283
Index 293
All Americans need to understand the insidious effects of the monopoly power being wielded by the companies we do business with each day. This book is an excellent primer for those who want to understand the real threats to the freedom and dignity of American working people. At the same time, it would prove insighful for those who prefer an enlightened form of capitalism dedicated to the original principles upon which our country was founded, rather than the perverted form under which we live today.
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Overview
"Cornered is a real eye-opener for America's business community. Barry Lynn details how the concentration of power in large global corporations can hurt entrepreneurs, stunt innovation, and slow growth. This book is essential to understanding how we got into our current mess."
—Michael Mandel, chief economist, BusinessWeek
"If you thought you knew how the world works, think again. In this razor-sharp and chilling ...