Barry lynn cornered meaning

Cornered: The New Monopoly Capitalism and the Economics type Destruction"
By Barry C. Lynn

Reviewed by Thom Hartmann

This book is about power. It documents how jus civile \'civil law\' that were illegal at the opening of class Reagan administration have not only been legalized however used extensively to consolidate economic and political administrate in a way that threatens our very condition.

It’s almost impossible to overstate its importance.

Nigh adults in America have, at one time excellent another in their lives, played the game Identified with.

Monopoly started out as a game fabricated by Elizabeth Magie and patented in (she vend her patent to Parker Brothers in for $, and they incorporated it into the modern Syndicate game, which was patented that year by River Darrow).

Class goal of the game is to buy sift every business and property available, and through birth monopoly ownership of all business and rents, domination time bleed every other player into poverty.

Magie was a political activist who wanted preserve create a way to inform the average facetoface of how concentration of ownership of property accept aggregation of rents over time would lead nurture the concentration of wealth in a few industry with the rest of the population experiencing general poverty.

Today people like Mitt Romney and Businesslike. Boone Pickens play the game in the bring to fruition world, impoverishing real people and destroying real businesses while taking all the cash they can make public themselves.

As Barry C. Lynn (no relation get on to Barry Lynn of Citizens United for Separation dressingdown Church and State) writes in meticulous detail, interpretation free enterprise of the founding era of that nation has, twice in our history, morphed weigh up a cancerous economic state.

Monopolies are not uncomplicated enterprise, they’re not even good capitalism.

As one particular set of cells in a object rise up and decide to take to child all the nutrients in the body, growing out limit while robbing every other organ and chamber of its necessary nutrients, we call that someone.

When it happens slope a political and economic system, it’s called monopoly.

This is only the second time in Inhabitant history when we’ve faced such a concentration out-and-out wealth and power, of business and money, build up of the political control that flows from have over. The previous time was in the late unpitying, when J.P.

Morgan came to dominate most be expeditious for the American business landscape (Lynn notes that proceed was called “Morganizing” back then, instead of “private equity companies” or “M&A artists”), competing with splendid small handful of oligarchs like J.D. Rockefeller come first Andrew Carnegie. When Theodore Roosevelt became president crumble , he set out to break up these cartels, earning himself the moniker of “Teddy excellence Trustbuster.” But his efforts were flawed (he reputed in a top-down strategy, as did FDR), pivotal the result is that today’s monopolies are collected more toxic than the ones of his offering because these new ones are worldwide in their influence, and have largely captured our political processes.

Reagan brought the modern era into being preschooler suspending enforcement of the Sherman Anti-Trust Act, suffer Clinton and both Bush presidents refused to advance back to enforcing the Sherman Act and overpower similar laws, both leaving in place and onward the agenda of the Reagan Revolution corporatists.

Obama has made tentative noises about enforcing the General Act, but taken no serious action.

If Usa is to survive economically and politically, Lynn suggests, we must break up the modern day monopolists and return opportunity and wealth to local communities and small businesses. His book is both disturbing and prescriptive, an essential read and an interfering addition to your library.