49:04 minutes (23.55 MB)
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Monopoly. It's a term we don't hear very often--almost as if monopolies were a Guilded Age relic of the American past. On the other hand, we all know they're out there and that the growing consolidation of American business is dangerous. Afterall, the phrase "too big to fail" is practically household jargon.
Our guest today is Barry Lynn, senior fellow at the New America Foundation. He says that most Americans still believe that our economy is one of the most open, competitive markets the world has known. He also says we need a wakeup call. Food. Healthcare. Fashion. You name it. Do American consumers really have the choices they think they do? Are monopolies to blame for the current job crisis?
Today, Where We Live, Barry Lynn joins us to talk about his new book Cornered: The New Monopoly Capitalism and the Economics of Destruction.