Taming Corporate Power in the 21st Century
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 But both the diagnosis and the cure are rooted in an outdated understanding of how the American economy is organized.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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Taming Corporate Power in the 21st Century
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 But both the diagnosis and the cure are rooted in an outdated understanding of how the American economy is organized.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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Taming Corporate Power in the 21st Century

Taming Corporate Power in the 21st Century

by Gerald F. Davis
Taming Corporate Power in the 21st Century
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Taming Corporate Power in the 21st Century

Taming Corporate Power in the 21st Century

by Gerald F. Davis

Overview

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 But both the diagnosis and the cure are rooted in an outdated understanding of how the American economy is organized.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.

Product Details

ISBN-13: 9781009095426
Publisher: Cambridge University Press
Publication date: 06/02/2022
Series: Elements in Reinventing Capitalism
Pages: 75
Product dimensions: 5.94(w) x 8.98(h) x 0.20(d)

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.
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