Friday, February 17, 2012

Why Amazon is "Dangerous"

"For years, America's upper-middle classes--of all political leanings--have tended to gaze on our political economy with a certain smug self-confidence. Even as our new masters [corporate monopolies like Amazon, Apple, Microsoft, and others] imposed their rule over the market once run by our farmers and small shopkeepers, and smashed the unions that empowered industrial workers and flight attendants to bargain as equals with their bosses, we turned away."

Read an excerpt of the article ["Killing the Competition: How the new monopolies are destroying open markets," by Barry C. Lynn] from Harper's magazine here. It is a fascinating and unflinching depiction of the farce that is economic life in America today. It gives one pause. As it should.

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