The Curse of Bigness

Antitrust in the New Gilded Age
Author(s): Tim Wu
Original Publish Date: Nov 13, 2018
eAudio - unabridged
Audio (4.20 hours)
Product Number: Z100140162
Released: Nov 13, 2018
Business Term: Purchase
ISBN: #9781984843661
Narrator/s: Marc Cashman
Publisher: Books on Tape
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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.

Professional reviews

"Talented Marc Cashman offers a measured, authoritative narration of this well-researched treatise on the risks of extreme corporate concentration in our technological world. Tim Wu's concise arguments praise the advantages and benefits of smaller organizations and the broader spreading of revenue streams, along with its associated responsibilities, over many such organizations. Examples such as the breakup of "Ma Bell" are expertly explained. Cashman's appealing tone lightens the occasionally leaden subject matter of the roots of American antitrust law and policy. Significant insight is also provided on the Department of Justice's examination of Microsoft not very long ago, including commentary on the public interviews of its founder, Bill Gates. Wu advocates broader and more far-reaching standards for determining what is a business monopoly. W.A.G. © AudioFile 2019, Portland, Maine"