- 2009 edition, 416 pages
- Published by Portfolio / Penguin
- Hardcover with dust jacket, white boards
- Very good condition, as new
Why Only Government Can Keep The Marketplace Competitive. Index included.
The essence of captalism is that free and open competition is good for the public, leading to better goods at lower prices. But the benefits of a free market do not come free. Competition must be nurtured and protected by the government, as Americans first discovered more than a century agao during another turbulent era driven by technological change.
As Gary Reback explains in this eye-opening book, we now face a situation almost as dire as the late nineteenth century, when giant railroad and oil trusts destroyed competition and hurt consumers. Congress responded with the earliest antitrust laws to govern the interactions between a business, its competitors, and its customers. A consensus gradually emerged: government had a legtimate role to play in our captalist system to safeguard the publice from unchecked corporate power.
Reback, one of the nation's most prominent anti-trust attorneys, is best known for spearheading the efforts that led to the federal lawsuit against Microsoft in the late 1990s. Now he offers an inside look at how big companies have gradually recovered their monopolistic powers such as:
- Excessive patent and copyright protection
- The right to curb retail price competition
- Tactics that exclude new challengers from a market
- Unopposed merges that create overpowering giants.
Drawing on the most fascinating legal battles of his career - involving top companies like Apple, Microsoft, IBM, Oracle, and AT&T - Reback calls for a new era of stronger government intervention to foster competition and innovation. That's the only way we can free the market - before the damage to our economy gets even worse.
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