Daily Archives: Jan 7, 2023 at 01:29 am EST

Book Bits: 7 January 2023

The Market Power of Technology: Understanding the Second Gilded Age
Mordecai Kurz
Summary via publisher (Columbia U. Press)
Kurz demonstrates that technological market power tends to rise, increasing inequality of income and wealth. Unchecked inequality threatens the foundations of democracy: public policy is the only counterbalancing force that can restrain corporate power, attain more egalitarian distribution of wealth, and make democracy compatible with capitalism. Presenting a new paradigm for understanding today’s vast inequalities, this book offers detailed proposals to redress them by restricting corporate mergers and acquisitions, reforming patent law, improving the balance of power in the labor market, increasing taxation, promoting upward mobility, and stabilizing the middle class.

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