He had opportunities to help the working class, and he passed them up.
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In this piece on The Nation, Open Markets reporter Leah Douglas looks at an obscure legal loophole which has resulted in African Americans losing acres of land throughout the last century. Millions of farmers of all races were pushed off their land in the early part of the century, including around 600,000 black farmers. By 1975, just 45,000 black-owned farms remained.
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The company has established its level of dominance because of the failings of our current antitrust laws. To understand why, you first need to understand the scope of Amazon’s power.
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Open Markets fellow Matthew Stoller writes on the Huffington Post that Jeff Bezos has created an empire that’s quickly raising political questions. Like Google and Facebook, Amazon uses technology and data to sidestep traditional restrictions on monopoly power. Now, Bezos is attempting to add more power to his empire with the surprise announcement that the company will pay $13.7 billion for Whole Foods Market.
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And what it means for American democracy.
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Taking money from an investment bank in the form of a speaking fee is not immoral, it is eminently reasonable.
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Silicon Valley is the story of overthrowing entrenched interests through innovation.
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A wave of new research shows how as corporations get bigger, the share of money out there going to actual workers declines.
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Having dominated the Democratic Party for years, the meritocrats now find themselves in a state of crisis.
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Re-embracing anti-monopoly will reinvigorate American liberty and beat back Trumpism.
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Can users of what is essentially privatized social infrastructure really log off?
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He had opportunities to help the working class, and he passed them up.
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Although Amazon has clocked staggering growth, it generates meager profits, choosing to price below-cost and expand widely instead. Through this strategy, the company has positioned itself at the center of e-commerce and now serves as essential infrastructure for a host of other businesses that depend upon it.
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President-elect Trump’s recent deal to keep factory workers employed at Indiana-based Carrier Corporation has been a public relations blitz.
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The president-elect may seem an unlikely trust-buster, but he’s indicated an openness to reviving America’s once-robust anti-monopoly apparatus.
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There is an inherent conflict posed in the financing of policy ideas. On the one hand, money is required to assemble the data and narratives necessary to present policy options.
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The proposed AT&T-Time Warner merger is a watershed moment for our political system. Will we continue to allow the further concentration of economic power at the top, or will this be the moment when democracy fights back?
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In 1938, as the country sank into recession and national unemployment hit 19 percent, President Roosevelt announced that America had a monopoly problem. In a historic speech to Congress, Roosevelt warned that extreme consolidation was hampering the economy and threatening our democracy.
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