Barry C. Lynn is Bob's guest on Sunday

[CHIMO]

Barry C. Lynn is director of the Markets, Enterprise, and Resiliency Initiative, and a senior fellow in the New America Foundation's Economic Growth Program. He is author of Cornered: The New Monopoly Capitalism and the Economics of Destruction (Wiley 2009) and End of the Line: The Rise and Coming Fall of the Global Corporation (Doubleday 2005). This is a live show - call and comment!

http://will.illinois.edu/mediamatters/
http://willmedia.will.uiuc.edu/ramgen/archives/mediamatters100214.rm

[dixiegrrrrl]

1. I just ordered his book after hearing his talk on YouTube.

Ya know, with the monopolies on products, we are at the mercy of whatever price the sellers set.

YouTube link:
http://www.youtube.com/watch?v=tOxZb2H8c0I

[CHIMO]

3. Thanks For The Link

He certainly helps explain how we got here from there.

[OHdem10]

2. C-Span had him for American Perspectives last night. I wish everyone

could have heard his presentation. I hope C-Span replays
this program in the near future. He surely has his head
around what is wrong and what needs to be done. He would
like to see the left more vocal and active.

[Cassandra]

4. It's probably available on their site.

http://www.c-spanvideo.org/program/291718-1

[jtuck004]

5. I wonder how he suggests we proceed to split them...

I will have to get his books and read them. The case he lays out for the monopolies we are living with today is a case for too much power concentrated among too few people. but he seems to suggest there is a difference between financiers and the corporations themselves. Is he suggesting we can split the finance away from the corporate folks, and strip their power without breaking up the monopolies?

Because breaking up these monopolies is going to bring more jobs, but along with it "inefficiency", and higher prices. Higher prices in a recession would be a tough sell for most people, especially when their choice is some amorphous corporation that "supposedly" (their view) controls their lives vs being able to feed their family and clothe the kids for much less money at Walmart. I know that is because of cheap foreign labor and food that is full of subsidized corn, among other things, and that changing this would give us jobs with which to run the economy we need. Is this his answer? Is it possible that innovation and new ways of distribution might cause them to be obsolete? They have LOT of power, and I don't see anything short of armed rebellion changing anything. And I don't see people taking to the streets to demand higher prices so they can have jobs.

Off to read...