Rating: Not rated
Tags: Non-Fiction
Summary
A call to action for the creative class and labor movement
to rally against the power of Big Tech and Big Media
In Chokepoint Capitalism, scholar Rebecca Giblin and
writer and activist Cory Doctorow argue we're in a new era of
"chokepoint capitalism," with exploitative businesses
creating insurmountable barriers to competition that enable
them to capture value that should rightfully go to others.
All workers are weakened by this, but the problem is
especially well-illustrated by the plight of creative
workers. From Amazon's use of digital rights management and
bundling to radically change the economics of book
publishing, to Google and Facebook's siphoning away of...
Corporate concentration has breached the stratosphere,
as have corporate profits. An ever-expanding constellation of
industries are now monopolies (where sellers have excessive
power over buyers) or monopsonies (where buyers hold the whip
hand over sellers)-or both.