Monopoly Restored
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Home > Business and Economics > Economics > Economic theory and philosophy > Monopoly Restored: How the Super-Rich Robbed Main Street
Monopoly Restored: How the Super-Rich Robbed Main Street

Monopoly Restored: How the Super-Rich Robbed Main Street


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About the Book

This book is a work of contemporary economic history focusing primarily on the US and the UK. It shows that, historically, much of the wealth of the ultra-wealthy has been based on inheritance, tax evasion, political influence, or wage theft. Today, much of the wealth of the rentier class—the super-rich—is based on income from ownership or control of scarce assets, or assets artificially made scarce. As a result, the super-rich reap much of their wealth from patents, monopolies, and subsidies. Their banks retain the right to speculate on risky derivatives, and their credit-card companies are not limited by usury laws that reduce interest rates. The super-rich have lowered (or escaped) inheritance taxes, shifted much of their income to lower taxed capital gains, practiced wage theft, fought minimum wage laws, outsourced jobs, and resorted to temps and contract labor to avoid unions and decent wages. They use tax havens where trillions of dollars remain untaxed, transfer profits of theirintellectual and financial property to subsidiaries in low-tax regimes, and defend for-profit health insurance that is unaffordable and inequitable for millions. This book states in qualitative and quantitative terms how expensive the super-rich have become, why they are unsustainable for the rest of us, and what the way forward to greater economic equality may be. In sum, the super-rich are unaffordable.

Table of Contents:
1. Introduction.- 2. Democracy Corrupted.- 3. The Rise and Rise of Wall Street and the City of London.- 4. The Ascendancy of the Corporate Elite.- 5. The Decline of Main Street and the Middle Class.- 6. The Politics of Taxes.- 7. The Business of Healthcare.- 8. Big and Bigger Agribusiness: Farm to Table.- 9. What Can Be Done?

About the Author :
Jack Lawrence Luzkow is Professor of History at Fontbonne University, USA. His previously published works include The Great Forgetting: The Past, Present, and Future of Social Democracy and the Welfare State; What’s Left: Marxism, Utopianism, and the Revolt against History; and The Revenge of History: Why the Past Endures, A Critique of Francis Fukuyama.


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Product Details
  • ISBN-13: 9783319939933
  • Publisher: Springer International Publishing AG
  • Publisher Imprint: Springer International Publishing AG
  • Height: 210 mm
  • No of Pages: 384
  • Returnable: Y
  • Width: 148 mm
  • ISBN-10: 3319939939
  • Publisher Date: 26 Jul 2018
  • Binding: Hardback
  • Language: English
  • Returnable: Y
  • Sub Title: How the Super-Rich Robbed Main Street


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