Deserves wide attention in our current political landscape.
A forceful argument about the stealthy resurgence of monopoly within the global economy.
Teachout, a law professor at Fordham University, redirects progressive attention toward this easily overlooked issue. “Wall Street,” she writes, “has been a driving force behind the gutting of antitrust laws.” The purported democratic norms of the tech economy have clouded such predatory business practices in many aspects of life, from the effect of Uber on drivers’ livelihoods, to less obvious but chilling examples—e.g., how poultry monopolies have turned farmers into indentured servants. “Uber successfully sold the idea that, if we wanted to use our phones to get a taxi, we needed to destroy 80 years of anti-monopoly laws,” writes Teachout. Furthermore, the “chickenization” model is creeping into many industries, especially restaurant delivery: “Surveillance and power go hand in hand, each reinforcing the other.” Race and class inform many of these hidden narratives: In one chapter, the author tracks how arbitration has become an alternate justice system serving the ultrawealthy. She also discusses the “body snatcher” effect of corporate super PACs on the political system: “corporate institutions replacing democratic institutions by burrowing inside them and using their language and forms.” Similarly, the journalism industry has been gutted by greedy corporate raiders and their continued search for quarterly profit increases. Regarding the secretive CEOs of social media, Teachout writes, “it is crucial that we understand [Mark] Zuckerberg, and monopolists like him, as seekers of political power, for it is only through political action that they can be tamed.” Wide-ranging, well-organized chapters are full of unsettling tidbits, such as Amazon’s courting of the surveillance state via commercial data-sharing. Finally, the author looks back at the original populist antitrust movement, but she also makes the salient point that “we shouldn’t require people to boycott essential communications infrastructure like Facebook and Google in order to demand that they be broken up.” Teachout confidently wields energetic, urgent prose and stark research, adeptly blending subtopics including law and technology.
Deserves wide attention in our current political landscape.Pub Date: May 19, 2020
ISBN: 978-1-250-20089-1
Page Count: 320
Publisher: All Points/St. Martin's
Review Posted Online: Feb. 16, 2020
Kirkus Reviews Issue: March 15, 2020
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.
“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
SEEN & HEARD
A forceful, necessarily provocative call to action for the preservation and protection of American Jewish freedom.
Known for her often contentious perspectives, New York Times opinion writer Weiss battles societal Jewish intolerance through lucid prose and a linear playbook of remedies.
While she was vividly aware of anti-Semitism throughout her life, the reality of the problem hit home when an active shooter stormed a Pittsburgh synagogue where her family regularly met for morning services and where she became a bat mitzvah years earlier. The massacre that ensued there further spurred her outrage and passionate activism. She writes that European Jews face a three-pronged threat in contemporary society, where physical, moral, and political fears of mounting violence are putting their general safety in jeopardy. She believes that Americans live in an era when “the lunatic fringe has gone mainstream” and Jews have been forced to become “a people apart.” With palpable frustration, she adroitly assesses the origins of anti-Semitism and how its prevalence is increasing through more discreet portals such as internet self-radicalization. Furthermore, the erosion of civility and tolerance and the demonization of minorities continue via the “casual racism” of political figures like Donald Trump. Following densely political discourses on Zionism and radical Islam, the author offers a list of bullet-point solutions focused on using behavioral and personal action items—individual accountability, active involvement, building community, loving neighbors, etc.—to help stem the tide of anti-Semitism. Weiss sounds a clarion call to Jewish readers who share her growing angst as well as non-Jewish Americans who wish to arm themselves with the knowledge and intellectual tools to combat marginalization and defuse and disavow trends of dehumanizing behavior. “Call it out,” she writes. “Especially when it’s hard.” At the core of the text is the author’s concern for the health and safety of American citizens, and she encourages anyone “who loves freedom and seeks to protect it” to join with her in vigorous activism.
A forceful, necessarily provocative call to action for the preservation and protection of American Jewish freedom.Pub Date: Sept. 10, 2019
ISBN: 978-0-593-13605-8
Page Count: 224
Publisher: Crown
Review Posted Online: Aug. 22, 2019
© Copyright 2024 Kirkus Media LLC. All Rights Reserved.
Follow
Popular in this Genre
We can’t wait for you to join Kirkus!
It’s free and takes less than 10 seconds!
Already have an account? Log in.
OR
Sign in with GoogleTrouble signing in? Retrieve credentials.
Welcome Back!
OR
Sign in with GoogleTrouble signing in? Retrieve credentials.
bookshelf