Matt Stoller, "Goliath: The 100-Year War Between Monopoly Power and Democracy" (Simon & Schuster, 2020)
New Books in Economics
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Evolution of Monopoly Power in American History
The chapter traces the history of monopoly power in the United States, from the Great Merger Movement in the late 1800s to the antitrust sentiments under the Eisenhower administration. It discusses key figures like J.P. Morgan, Eugene Debs, Theodore Roosevelt, Woodrow Wilson, Louis Brandeis, and Franklin D. Roosevelt, exploring their views on corporate power and democracy. The chapter delves into the shifting intellectual perspectives on big business, from early anti-monopoly movements to the emergence of pro-big business ideologies in the 1970s.
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