Wednesday, February 10, 2010

Here's a little book plug for something the people at Wake Up WalMart consider well worth reading.

New Book Cornered Discusses Walmart, Destructive Monopolies:‏
Do you want the real story about who destroyed America's REAL economy?

We wanted to recommend a new book that just hit the shelves. In Cornered: The New Monopoly Capitalism And The Economics Of Destruction, New America Foundation's Barry C. Lynn takes an explosive look at how Wall Street financiers took advantage of the overthrow of our anti-monopoly laws to consolidate unprecedented powers.

They use these powers in ways that destroy jobs, degrade safety, crush independent businesses, forestall innovation, harm our environment, and threaten the political foundations of our democratic republic.

Not surprisingly, Walmart is a major player in this disturbing story. Lynn discusses Walmart as one of the quintessential examples of the destructive monopoly, arguing that Walmart needs to change its ways not just for the benefit of workers or communities, but for the entire economy.
Endorsements for Cornered:
Cornered has changed my view of what's gone wrong with American capitalism. Brilliantly argued and meticulously reported, it confronts with the age-old enemy of both progressives and libertarian conservatives -- the power of monopoly.
-Barbara Ehrenreich, author of Nickel and Dimed and Brightsided.
This book is essential to understanding how we got into our current mess.
-Michael Mandel, chief economist, Business Week.
This is a truly groundbreaking and eye-opening work that everyone interested in understanding how the world really operates should read.
-Ha Joon Chang, winner Leontief Prize in economics, author Bad Samaritans.
Best Wishes,
The Team,

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