Waterstones Chokepoint Capitalism
26 ratings
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Price: £10.99
Brand: Waterstones
Description: A FINANCIAL TIMES BOOK OF THE YEARA call to action for the creative class and labour movement to rally against the power of Big Tech and Big Media. Corporate concentration has breached the stratosphere, as have corporate profits. An ever-expanding constellation of industries are now monopolies (where sellers have excessive power over buyers) or monopsonies (where buyers hold the whip hand over sellers) | ?? or both. Scholar Rebecca Giblin and writer and activist Cory Doctorow argue we're in a new era of 'chokepoint capitalism', with exploitative businesses creating insurmountable barriers to competition that enable them to capture value that should rightfully go to others. All workers are weakened by this, but the problem is especially well illustrated by the plight of creative workers. From Amazon's use of digital rights management and bundling to radically change the economics of book publishing, to Google and Facebook's siphoning away of ad revenues from news media, and the Big Three record labels' use of inordinately long contracts to up their own margins at the cost of artists, chokepoints are everywhere. By analysing book publishing and news, live music and music streaming, screenwriting, radio, and more, Giblin and Doctorow deftly show how powerful corporations construct 'anti-competitive flywheels' designed to lock in users and suppliers, make their markets hostile to new entrants, and then force workers and suppliers to accept unfairly low prices. Chokepoint Capitalism is a call to workers of all sectors to unite to help smash these chokepoints and take back the power and profit that's being heisted away | ?? before it's too late.
Category: Books
Merchant: Waterstones
Product ID: 9781915590015
Delivery cost: 2.99
ISBN: 9781915590015
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Author: anomymous
Rating: 3
Review: The target audience is the subject - the creative artists. I found the language and terminology frequently so specific that I couldn’t completely grasp the points being made.
Author: anomymous
Rating: 3
Review: The target audience is the subject - the creative artists. I found the language and terminology frequently so specific that I couldn’t completely grasp the points being made.
