Antitrust
Taking on Monopoly Power from the Gilded Age to the Digital Age
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Narrated by:
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Nan McNamara
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Amy Klobuchar
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By:
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Amy Klobuchar
About this listen
National best seller
Antitrust enforcement is one of the most pressing issues facing America today - and Amy Klobuchar, the widely respected senior senator from Minnesota, is leading the charge. This fascinating history of the antitrust movement shows us what led to the present moment and offers achievable solutions to prevent monopolies, promote business competition, and encourage innovation.
In a world where Google reportedly controls 90 percent of the search engine market and Big Pharma’s drug price hikes impact healthcare accessibility, monopolies can hurt consumers and cause marketplace stagnation. Klobuchar - the much-admired former candidate for president of the United States - argues for swift, sweeping reform in economic, legislative, social welfare, and human rights policies, and describes plans, ideas, and legislative proposals designed to strengthen antitrust laws and antitrust enforcement.
Klobuchar writes of the historic and current fights against monopolies in America, from Standard Oil and the Sherman Anti-Trust Act to the Progressive Era's trust-busters; from the breakup of Ma Bell (formerly the world's biggest company and largest private telephone system) to the pricing monopoly of Big Pharma and the future of the giant tech companies like Facebook, Amazon, and Google.
She begins with the Gilded Age (1870s-1900), when builders of fortunes and rapacious robber barons such as J. P. Morgan, John Rockefeller, and Cornelius Vanderbilt were reaping vast fortunes as industrialization swept across the American landscape, with the rich getting vastly richer and the poor, poorer. She discusses President Theodore Roosevelt, who, during the Progressive Era (1890s-1920), "busted" the trusts, breaking up monopolies; the Clayton Act of 1914; the Federal Trade Commission Act of 1914; and the Celler-Kefauver Act of 1950, which it strengthened the Clayton Act. She explores today's Big Pharma and its price-gouging; and tech, television, content, and agriculture communities and how a marketplace with few players, or one in which one company dominates distribution, can hurt consumer prices and stifle innovation.
As the ranking member of the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, Klobuchar provides a fascinating exploration of antitrust in America and offers a way forward to protect all Americans from the dangers of curtailed competition, and from vast information gathering, through monopolies.
©2021 Amy Klobuchar (P)2021 Random House AudioListeners also enjoyed...
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Critic reviews
“An impressive work of scholarship, deeply researched...highly informative and surprisingly readable in the bargain.” (Liaquat Ahamed, The New York Times Book Review)
“Senators rarely write books, and when they do, they tend to be political memoirs. But Klobuchar’s Antitrust is a serious and important contribution that will help build momentum for reform.... Throughout, she references her own proposed legislation on the topic. And as Klobuchar is chair of the Judiciary Committee’s subcommittee on competition policy, antitrust, and consumer rights, her proposals are likely to be one of the starting points for reform.” (The New Republic)
“Methodical...Klobuchar furnishes an overview of the evolution of U.S. anti-monopoly law and a call for rebalancing the relationship between capital and labor. She condemns corporate consolidation and wealth concentration, and views lax antitrust enforcement as antithetical to democracy.” (The Guardian)
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Almost good, but profoundly misunderstands economics and very biased towards Democrats
- By Nina Prevot on 04-08-16
By: Mike Lofgren
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The Conscience of a Liberal
- By: Paul Krugman
- Narrated by: Jason Culp
- Length: 9 hrs and 9 mins
- Unabridged
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America emerged from Franklin Roosevelt's New Deal with strong democratic values and broadly shared prosperity. But for the past 30 years, American politics has been dominated by a conservative movement determined to undermine the New Deal's achievements. Now, the tide may be turning, and in The Conscience of a Liberal Paul Krugman, the world's most widely read economist and one of its most influential political commentators, charts the way to reform.
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Great Book!!!
- By carl801 on 12-04-07
By: Paul Krugman
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FDR's Folly
- How Roosevelt and His New Deal Prolonged the Great Depression
- By: Jim Powell
- Narrated by: William Hughes
- Length: 9 hrs and 26 mins
- Unabridged
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In the minds of historians and the American public alike, Franklin Delano Roosevelt was one of our greatest presidents, not least because he supposedly saved America from the Great Depression. But as historian Jim Powell reveals in this groundbreaking book, Roosevelt's New Deal policies actually prolonged and exacerbated the economic disaster.
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Scones for the Tea Party
- By Chiefkent on 06-11-12
By: Jim Powell
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The Crisis of the Middle-Class Constitution
- Why Economic Inequality Threatens Our Republic
- By: Ganesh Sitaraman
- Narrated by: MacLeod Andrews
- Length: 12 hrs and 24 mins
- Unabridged
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For most of Western history, Sitaraman argues, constitutional thinkers assumed economic inequality was inevitable and inescapable - and they designed governments to prevent class divisions from spilling over into class warfare. The American Constitution is different. Compared to Europe and the ancient world, America was a society of almost unprecedented economic equality, and the founding generation saw this equality as essential for the preservation of America's republic.
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Very well done
- By JLyman on 08-27-17
By: Ganesh Sitaraman
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New Deal or Raw Deal?
- How FDR's Economic Legacy Has Damaged America
- By: Burton Folsom Jr.
- Narrated by: Alan Sklar
- Length: 11 hrs and 19 mins
- Unabridged
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In this shocking and groundbreaking new book, economic historian Burton Folsom, Jr., exposes the idyllic legend of Franklin D. Roosevelt as a myth of epic proportions. With questionable moral character and a vendetta against the business elite, Roosevelt created New Deal programs marked by inconsistent planning, wasteful spending, and opportunity for political gain---ultimately elevating public opinion of his administration but falling flat in achieving the economic revitalization that America needed.
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A must listen!
- By Book and Movie Lover on 06-14-09
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On Corruption in America
- And What Is at Stake
- By: Sarah Chayes
- Narrated by: Sarah Chayes
- Length: 12 hrs and 49 mins
- Unabridged
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In this unflinching exploration of corruption in America, Chayes exposes how corruption has thrived within our borders - from the titans of America's Gilded Age (Andrew Carnegie, John D. Rockefeller, J.P. Morgan, et al.) to the collapse of the stock market in 1929, the Great Depression, and FDR's New Deal; from Joe Kennedy's years of banking, bootlegging, machine politics, and pursuit of infinite wealth to the deregulation of the Reagan Revolution - undermining this nation's proud middle class and union members.
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Profoundly ambitious and genuine yet...
- By Jerry A. Boriskin on 08-16-20
By: Sarah Chayes
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The Socialist Temptation
- By: Iain Murray
- Narrated by: James Langton
- Length: 6 hrs and 13 mins
- Unabridged
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Just 30 years ago, socialism seemed utterly discredited. An economic, moral, and political failure, socialism had rightly been thrown on the ash heap of history after the fall of the Berlin Wall. Unfortunately, bad ideas never truly go away — and socialism has come back with a vengeance. A generation of young people who don’t remember the misery that socialism inflicted on Russia and Eastern Europe is embracing it all over again.
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Full Of Important Insights
- By Ralph Alderson on 12-17-20
By: Iain Murray
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A Capitalism for the People
- Recapturing the Lost Genius of American Prosperity
- By: Luigi Zingales
- Narrated by: Jonathan Davis
- Length: 11 hrs and 20 mins
- Unabridged
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Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand the consequences of high inflation and unemployment - paired with rampant nepotism and cronyism - on a country’s economy. This experience profoundly shaped his professional interests, and in 1988 he arrived in the United States, armed with a political passion and the belief that economists should not merely interpret the world, but should change it for the better.
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Enjoyable but a tad predictable.
- By Kevin on 12-24-12
By: Luigi Zingales
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Fantasy Island
- Colonialism, Exploitation, and the Betrayal of Puerto Rico
- By: Ed Morales
- Narrated by: Sean Duffy
- Length: 10 hrs and 57 mins
- Unabridged
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In Fantasy Island, Ed Morales traces how, over the years, Puerto Rico has served as a colonial satellite, a Cold War Caribbean showcase, a dumping ground for US manufactured goods, and a corporate tax shelter. He also shows how it has become a blank canvas for mercenary experiments in disaster capitalism on the frontlines of climate change, hamstrung by internal political corruption and the US federal government's prioritization of outside financial interests.
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Gringo Narrattion
- By shakira julia on 02-08-21
By: Ed Morales
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Big Dirty Money
- The Shocking Injustice and Unseen Cost of White Collar Crime
- By: Jennifer Taub
- Narrated by: Eliza Foss
- Length: 8 hrs and 49 mins
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How ordinary Americans suffer when the rich and powerful use tax doges or break the law to get richer and more powerful - and how we can stop it. There is an elite crime spree happening in America, and the privileged perps are getting away with it. Selling loose cigarettes on a city sidewalk can lead to a choke-hold arrest, and death, if you are not among the top one percent.
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The Loss of Glass-Steagal has led to Cheating
- By Rajiv on 05-23-21
By: Jennifer Taub
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The End of Power
- From Boardrooms to Battlefields and Churches to States, Why Being In Charge Isn't What It Used to Be
- By: Moises Naim
- Narrated by: Matt Kugler
- Length: 12 hrs and 59 mins
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In The End of Power, award-winning columnist and former Foreign Policy editor Moisés Naím illuminates the struggle between once-dominant megaplayers and the new micropowers challenging them in every field of human endeavor. Drawing on provocative, original research and a lifetime of experience in global affairs, Naím explains how the end of power is reconfiguring our world.
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Another Power book
- By Anonymous User on 04-12-24
By: Moises Naim
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The Party Is Over
- How Republicans Went Crazy, Democrats Became Useless, and the Middle Class Got Shafted
- By: Mike Lofgren
- Narrated by: Mel Foster
- Length: 7 hrs and 49 mins
- Unabridged
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There was a time, not so very long ago, when perfectly rational people ran the Republican Party. So how did the party of Lincoln become the party of lunatics? That is what this book aims to answer. Fear not, the Dems come in for their share of tough talk - they are zombies, a party of the living dead. Mike Lofgren came to Washington in the early eighties - those halcyon, post-Nixonian glory days - for what he imagined would be a short stint on Capitol Hill.
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A Great Analysis
- By Dan D on 09-04-12
By: Mike Lofgren
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The World Turned Upside Down
- America, China, and the Struggle for Global Leadership
- By: Clyde Prestowitz
- Narrated by: Paul Heitsch
- Length: 13 hrs and 24 mins
- Unabridged
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When China joined the World Trade Organization in 2001, most experts expected the WTO rules and procedures would liberalize China and make it "a responsible stakeholder in the liberal world order". But the experts made the wrong bet. China today is liberalizing neither economically nor politically but, if anything, becoming more authoritarian and mercantilist. In this book, renowned globalization and Asia expert Clyde Prestowitz describes the key challenges posed by China and the strategies America and the Free World must adopt to meet them.
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Informative and engaging
- By Christopher P Pratt on 02-28-21
By: Clyde Prestowitz
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The Fourth Revolution
- The Global Race to Reinvent the State
- By: John Micklethwait, Adrian Wooldridge
- Narrated by: Chris Sorensen
- Length: 10 hrs and 5 mins
- Unabridged
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From the best-selling authors of The Right Nation, a visionary argument that our current crisis in government is nothing less than the fourth radical transition in the history of the nation-state. Dysfunctional government: It' s become a cliché, and most of us are resigned to the fact that nothing is ever going to change. As John Micklethwait and Adrian Wooldridge show us, that is a seriously limited view of things. In fact, there have been three great revolutions in government in the history of the modern world.
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A must read for everyone wondering whats going?
- By Truth-be-told on 03-30-15
By: John Micklethwait, and others
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What listeners say about Antitrust
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Michelangelo1953
- 02-04-23
This is an excellent explanation of a complex topic.
This book is a very valuable reference regarding trusts, monopolies, competition and the necessity of adequate regulation. It provides a view of both the current conditions in the U.S. economy (in 2020) as well as some of the history. Understanding that a “Trust” is a form of business organization where multiple companies can be combined together under a single management operation is critical for citizens in a capitalist society. A trust is a way for the owners and controllers of companies to move toward a state where they hold monopoly power. Hence, the Sherman Antitrust Act is an anti-monopoly law. Also essential to an understanding of this subject is an understanding of the terms vertical trust and horizontal trust, and how they can lead to a lack of competition in a market. The author includes a good mix of examples of current situations where abuse is occurring. This is timely and valuable information.
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Overall
- M. S. Fair
- 09-24-21
It's about time
Senator Amy covers this subject beautifully and honestly presents the crucial essence of monopoly powers and our government
lack of control over "Big Business" . I feel we are too late in stopping these anticompetitive policies though.
we are doomed to suffer high prices for services as the so-called middle class fades into poverty and monopolist count their
money In the dungeons of Washington DC.
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- Gene Brown
- 06-04-21
a dive into losing our way in the 21st century
Loved it. Reminds us of the how we were able to grow out of the guilded age and how we have fallen down with our diligence . She gives good reason to counter the thinking that regulation is counterproductive and that our nation needs to rebuild from the foundations of our economy instead of allowing a trickle down approach.
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- Clark R. Smith
- 07-01-23
Heavy
Extremely important but indigestible.
I couldn’t get through it nor take action. I admire Amy extremely but I am at a loss to how to take action apart from voting for her.
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- James Barrett
- 05-29-22
monopolies need to go
senator Klobuchar presents a compelling point of view, with a strong historical record and real issues we face today, plus concrete changes the country should move towards today. I learned things, and I'm moved to change how I vote by her presentation.
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1 person found this helpful
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- Kelly Lewis
- 02-05-24
Hard to stay interested
Really hard to stay interested in this, I’ve listened to more interesting university lectures on YouTube
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- Anonymous User
- 05-01-21
Flawed but important
I love Amy and wholeheartedly agree with her assessment of the current competition environment, but the book seemed to be all over the place. It could have been more focused and definitely a lot shorter. However, this book strengthens my confidence in Amy as a positive influence in our national politics.
The narrator was great, and Amy's limited narration was also great.
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3 people found this helpful
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- Jack Doyle
- 11-02-22
A politician with ideals.
Amy Klobuchar take the reader on a detailed journey into antitrust law, and why it is necessary. It is and almost Unwinnable battle that someone needs to fight. Democracy and our since of fair play depend on it. Thank you Mrs. Klobuchar.
She would make a great President.
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- J.B.
- 05-01-21
Not Just Monopolies But Progressive Politics Too
This book is written by Senator Amy Klobuchar. It starts out slow, as she tells us about her life and political perspective. Next, she goes into the meaning and history of antitrust in America – and the pace picks up. Not until halfway through the book, does she reveal that her initial accreditation as a sophisticated attorney at law came from her years as counsel for those entities seeking to protect their existence from monopolies. By, the middle of the book the pace is rapid and involving, Antitrust, Taking on Monopoly Power from the Gilded Age to the Digital Age, narrated by: Nan McNamara, is not just a book on monopolies. It is a treatise on the progressive perspective on politics and has engendered in me great respect for the political earnest nature of Senator Klobuchar. I did not understand how progressive she is but do not get me wrong, she is not a pie in the sky lib. She is all about what works best for the American people and our nation, she is not just an advocate for the downtrodden, but someone who can explain, clearly and concisely, why focusing on the needs of the lesser money endowed will create a better, all for one and one for all. This book was a big surprise for me. A rewarding one for someone educated as a political scientist. Recommended. A good and thoughtful presentation.
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8 people found this helpful
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- Peter Schrier
- 05-12-21
Started strong, then repetitive
The book started strong, but then became repetitive about halfway through. The examples were more citations of examples than stories that descriptively showed the issues and how they developed.
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3 people found this helpful