I learned a lot, even though studying monopoly is what I do. If you’re interested in a sweeping but detailed take on the modern landscape of corporate power, you should buy a copy of Dayen’s Monopolized it’s enormously well-researched, and you will know more about corporate power after you are done. So in this interview, that’s who we focused on. We don’t often hear of Buffett as a great monopolist, but that’s what he actually is.
One interesting aspect of Monopolized is that Warren Buffett is a silent presence throughout, profiting quietly in the background from virtually every monopoly Dayen describes.
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There’s also a roadmap for how to fight back, and Dayen profiles Israeli anti-monopolists who successfully did just that. Monopolized is a mix between a business book and a travelogue, a set of stories about people living under the control of various powerful corporate entities, from Wall Street to Amazon to prison and the military. He did groundbreaking (and lonely) journalism on foreclosures and financial corruption throughout the Obama years, and his 2016 article on antitrust in The New Republic laid the groundwork for Elizabeth Warren’s key speeches on the issue that rocketed the importance of monopoly into the political stratosphere.įor today’s post, I’m going to do an interview with Dayen on his new book, Monopolized: Life in the Age of Corporate Power. He’s the executive editor of one of the most important political magazines today, the American Prospect. Journalist Dave Dayen is an heir to this tradition. The great anti-monopolists of the 1880s were journalists such as Henry Demarest Lloyd, muckrakers whose words gave voice to a movement seeking to reign in corporate power. Journalists have always served an important function in addressing corporate power. National security expert Lucas Kunce wrote that up for the University of Chicago’s Stigler Center ProMarket magazine. Second, a lot of readers of the last BIG issue, which was on Chinese apps, seemed interested in exactly how Facebook’s market power led to the rise of TikTok. First, I was on a lovely Irish podcast called The Stand with Eamon Dunphy. The growing business rebellion against monopoly power The timing of the Google antitrust case and changing Senate politics Specifically, the monopolist side, and how Buffett’s way of investing has been a multiplier force for dominant corporations.
In this issue, I’m going to do an interview with an author who presents a very different side of Buffett, the side that is key to his wealth and power. Buffett is an icon, the ‘Oracle of Omaha,’ who lives a simple lifestyle based on folksy wisdom, eating Dairy Queen ice cream, and drinking Coca Cola. One of the more important figures in American capitalism over the last forty years is Warren Buffett, the legendary investor who is now the fourth richest man in the world. If you’d like to sign up, you can do so here. Welcome to BIG, a newsletter about the politics of monopoly and finance.
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