MONOPOLIZED

A cutting damnation of the monopolization of the international marketplace for, well, pretty much everything.

As the executive editor of the American Prospect, one of the most progressive publications in America, it’s no surprise that Dayen eviscerates the flawed system that has propped up the modern economy for decades: monopolies, the collection of faceless corporations that manipulate the system while placing the burden of the work on the backs of everyday people, whether they know it or not. The author digs deep into the problem, chronicling his travels around the U.S. to see not only the macro effects of monopolies, but their very real impacts on real people. Each of the chapters begins with the phrase “Monopolies are why...” and proceeds to use painful examples to illustrate Dayen’s cogent arguments. Examples include: “why hundreds of journalists became filmmakers, then back to writers, then unemployed,” or “why a small business owner and his girlfriend had to get permission from Amazon to live together.” The author covers such usual suspects as the banking industry, the communications industry, and big pharma, but he shines a light on the shady corners of the prison system and even the funeral industry, illuminating the breadth and depth of the insidious effects of a multilayered system that follows and controls its victims throughout their lives. Dayen’s main thread is inequality, a natural consequence of one entity having nearly complete control over a market. Readers may know much of this information, but it’s still shocking to read about the damaging consequences of superconcentrated markets. Economists know how to fight it, as Dayen clearly explains, but getting people to recognize how they’re being used is exceedingly difficult. It’s a striking social and economic dilemma that the author thankfully exposes, just as he did with the foreclosure crisis in Chain of Title (2016).

A powerful, necessary call to arms to strengthen the antitrust movement and fight a system whose goal is complete control.