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Photo: President Franklin D. Roosevelt.
Featured Article, ILSR Press Room filed under Independent Business | Written by Stacy Mitchell | No Comments | Updated on Jun 20, 2017

The Rise and Fall of the Word ‘Monopoly’ in American Life

The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/the-rise-and-fall-of-the-word-monopoly-in-american-life/

If “monopoly” sounds like a word from another era, that’s because, until recently, it was. The term was reliably used through the middle of the 20th century in newspaper headlines and State of the Union addresses alike, but starting in the 1970s, it began to retreat from public consciousness. The story of why carries lessons for how an economic policy’s effectiveness can be its own undoing — and about how people are thinking about corporate power today. Because monopoly is back.

In this piece for The Atlantic, ILSR’s Stacy Mitchell looks at the history of the anti-monopoly movement in the U.S., and how today, as economic concentration soars, monopoly could again be just the word we need. Continue reading

ILSR Press Room filed under Independent Business | Written by Nick Stumo-Langer | No Comments | Updated on Jun 16, 2017

When Does Amazon Become a Monopoly?

The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/when-does-amazon-become-a-monopoly/

The Atlantic – June 16, 2017 Written by Robinson Meyer On Friday morning, Amazon announced it was buying Whole Foods Market for more than $13 billion. About an hour later, Amazon’s stock had risen by about 3 percent, adding $14 billion to its value. Amazon basically bought the country’s sixth-largest grocery store for free. As… Continue reading