The Union League Club of Chicago presents an afternoon online event with Barry C. Lynn, the Founder and CEO of the Open Markets Institute in Washington. He'll be discussing his new book, Liberty from All Masters: The New American Autocracy vs. the Will of the People, with Luigi Zingales, the Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance at the University of Chicago's Booth School of Business. This is a ticketed event. Tickets will be available on via Eventbrite--details coming soon!
About the Book:
"Liberty from All Masters builds on Barry Lynn's lifetime of work analyzing the evils of concentrated private power in America today, and makes a deep critique of the way we have come to think about antitrust. He questions not just whether consumer welfare and efficiency can be measured in a digital economy, but whether they ought to stand as normative standards in a democratic society. A highly provocative and important book." --Francis Fukuyama, author of Identity: Demand for Dignity and the Politics of Resentment.
Americans are only now awakening to what is perhaps the gravest domestic threat to our liberties in a century--in the form of an extreme and fast-growing concentration of economic power. Monopolists today control almost every corner of the American economy. The result is not only lower wages and higher prices, hence a concentration of wealth and power in the hands of the few. The result is also a stripping away of our liberty to work how and where we want, to launch and grow the businesses we want, to create the communities and families and lives we want.
The rise of online monopolists such as Google and Amazon--designed to gather our most intimate secrets and use them to manipulate our personal and group actions--is making the problem only far worse fast. Not only have these giant corporations captured the ability to manage how we share news and ideas with one another, they increasingly enjoy the power to shape how we move and play and speak and think.
About the Author:
Barry C. Lynn is Founder and CEO of the Open Markets Institute in Washington. He is author of Cornered (2010) and End of the Line (2005) in which he pioneered coverage and analysis of America's new monopoly crisis. His work has been profiled in The New York Times, Politico, The Washington Post, Rolling Stone, The New Yorker, The Economist, The Wall Street Journal, and CBS. Prior to launching OMI, Lynn worked at the New America Foundation for 15 years. Before that he was Executive Editor of Global Business Magazine and a correspondent for the Associated Press and Agence France Presse in South America and the Caribbean.
About the Interlocutor:
In addition to holding his position at Chicago Booth, Luigi Zingales is currently a faculty research fellow for the National Bureau of Economic Research, a research fellow for the Center for Economic Policy Research, and a fellow of the European Governance Institute. He is also an editorialist for Il Sole 24 Ore, the Italian equivalent of the Financial Times. Zingales also serves on the Committee on Capital Markets Regulation, which has been examining the legislative, regulatory, and legal issues affecting how public companies function. In 2014 he was the President of the American Finance Association.
In July 2015 he became the director of the Stigler Center at the University of Chicago which he is refocusing on promoting and diffusing research on regulatory capture and the various distortions that special interest groups impose on capitalism.
Barry C. Lynn, one of America's preeminent thinkers, provides the clearest statement yet on the nature and magnitude of the political and economic dangers posed by America’s new monopolies in Liberty from All Masters.
"Very few thinkers in recent years have done more to shift the debate in Washington than Barry Lynn."