Antitrust: Taking on Monopoly Power from the Gilded Age to the Digital Age
is an important, urgently needed book from the much-admired senior senator from Minnesota, and former candidate for president of the United States. It is a fascinating exploration of antitrust in America and the way forward to protect all Americans from the dangers of curtailed competition, and from vast information gathering, through monopolies.
From Standard Oil and the Sherman Anti-Trust Act, to the Progressive Era's trust-busters, Amy Klobuchar writes of the fight against monopolies in America in this large, compelling history. She writes of the breakup of Ma Bell, the pricing monopoly of Big Pharma, and the future of the giant tech companies (Facebook, Amazon, Google).
Klobuchar 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 (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 is at work on, among others, issues raised by giant tech companies, such as Facebook, Google (it reportedly controls 90 percent of the search engine market), and Amazon. She puts forth her plans, ideas and legislative proposals designed to strengthen antitrust laws and antitrust enforcement.
Amy Klobuchar is the senior senator from Minnesota, the first woman from that state to be elected to the US Senate. She was born in Plymouth, Minnesota, and graduated from Yale University and the University of Chicago Law School. She lives in Minneapolis, MN.
All books include shipping to the US only. Books will be shipped after the event and can take seven to ten business days to receive due to Covid-related USPS delays.
An on-demand recording of the event will be available on the ticketing page after the program.
Presented in partnership with the National JCC Literary Consortium and A Cappella Books
Wednesday, May 19
$36 Talk and Book | $11 Talk Only
Contact: Luba Palant | [email protected]