Title: Goliath Pdf The 100-Year War Between Monopoly Power and Democracy
Americans once had a coherent and clear understanding of political tyranny, one crafted by Thomas Jefferson and updated for the industrial age by Louis Brandeis. A concentration of power, whether in the hands of a military dictator or a JP Morgan, was understood as autocratic and dangerous to individual liberty and democracy. This idea stretched back to the country’s founding. In the 1930s, people observed that the Great Depression was caused by financial concentration in the hands of a few whose misuse of their power induced a financial collapse. They drew on this tradition to craft the New Deal.
In Goliath, Matt Stoller explains how authoritarianism and populism have returned to American politics for the first time in eighty years, as the outcome of the 2016 election shook our faith in democratic institutions. It has brought to the fore dangerous forces that many modern Americans never even knew existed. Today’s bitter recriminations and panic represent more than just fear of the future, they reflect a basic confusion about what is happening and the historical backstory that brought us to this moment.
The true effects of populism, a shrinking middle class, and concentrated financial wealth are only just beginning to manifest themselves under the current administrations. The lessons of Stoller’s study will only grow more relevant as time passes. Building upon his viral article in The Atlantic, “How the Democrats Killed Their Populist Soul,” Stoller illustrates in rich detail how we arrived at this tenuous moment, and the steps we must take to create a new democracy.
Essential reading to understand our country's antimonopoly history Stoller’s Goliath is a much-needed booster shot to the American antimonopoly movement. Goliath seeks to educate Americans on the history of antimonopoly policy, which paved the road to greater economic equality and liberty in the first half of the twentieth century. Stoller guides the reader through history and provides a near first-person perspective by elaborating on the commitment and defenders of liberty, including Louis Brandeis and Wright Patman. Stoller details how Brandeis’ and Patman’s ideas flourished in particular during a post-Depression America where foundational institutions, policies, and statutes, enacted as part of the New Deal, were implemented to ensure economic equality, foster vibrant competition in the market place, and most importantly secure our democracy. However, Stoller also details the purposeful and planned takeover of our economic system by corporate monopolists and their success in breaking down New Deal institutions. Stoller recounts how the success of the corporate monopolists – facilitated by Republicans, Democrats, and economists of all intellectual backgrounds – directly contributed to America’s current precarious economic situation, the financial crisis, and record economic inequality. Stoller’s book will answer frustrated American’s most pressing questions such as why competition in America rotting away in every sector, what caused America's economic engine to only work for a select few, and how to restore our political system so that it works for everyone. Ultimately, the lesson from Stoller is that America’s history is direct evidence that our economic and political institutions are within our control, and the result of who is granted the control over them is answered by who fights for it.
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