Article 1Q2NB Monopoly power and the decline of small business: big business vs democracy, growth & equality

Monopoly power and the decline of small business: big business vs democracy, growth & equality

by
Cory Doctorow
from on (#1Q2NB)

056c026d-1c66-4d42-9fae-a8e96df290c5-102

In the 15 years between 1997 and 2012: 72,000 small US manufacturers shut down; as did 108,000 local retailers and 13,000 community banks (fully half of America's complement of small banks!). The number of US startups has dropped by 50% since 1970. These statistics are not the result of the changing times: they're due to massive, monopolistic corporations stacking the deck against small competitors through unfair and corrupt practices, to the detriment of American growth, equality and democracy. (more")

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