Chokepoint Capitalism

The Rise of Chokepoint Capitalism and How Workers Can Defeat It

Hardcover, 304 pages

Published Sept. 20, 2022 by Beacon Press.

ISBN:
978-0-8070-0706-8
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5 stars (3 reviews)

A call to action for the creative class and labor 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.

In Chokepoint Capitalism, 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 …

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