Franklin Foer writes a cover story for the New Republic online now about that marvelous modern monopoly: “Amazon is the shining representative of a new golden age of monopoly that also includes Google and Walmart. Unlike U.S. Steel, the new behemoths don’t use their barely challenged power to hike up prices. They are, in fact, self-styled servants of the consumer and have ushered in an era of low prices for everything from flat-screen TVs to paper napkins to smart phones.In other words, we’re all enjoying the benefits of these corporations far too much to think hard about distant dangers.” Foer […]
