[P2P-F] Fwd: Monopolies And "Capitalist Dystopia"

---------- Forwarded message --------- From: piqd - your piqs of the day <[email protected]> Date: Tue, Nov 20, 2018 at 2:30 AM Subject: Monopolies And "Capitalist Dystopia" To: Michel Bauwens <[email protected]> <https://mandrillapp.com/track/click/30835283/www.piqd.com?p=eyJzIjoiazJTcUZjSDRJQzN3MDk0LXROU1JqaWtlclVJIiwidiI6MSwicCI6IntcInVcIjozMDgzNTI4MyxcInZcIjoxLFwidXJsXCI6XCJodHRwczpcXFwvXFxcL3d3dy5waXFkLmNvbVxcXC9cIixcImlkXCI6XCJjN2QwYTU3MDgwMzY0ZDllYTY3YzFmMjJiMjBiOWUwOVwiLFwidXJsX2lkc1wiOltcImIwNWQ5MDk4ZjE5OTk5ZDI5OWIzYzI5NjhjNTQ3MzBlMTgyZTVjMDRcIl19In0> News from your channels Read articles on piqd: Will Kherbek <https://mandrillapp.com/track/click/30835283/www.piqd.com?p=eyJzIjoiYUFTQXlUUnhfeHVvd2gtMjZtSXBxMzdrT0g0IiwidiI6MSwicCI6IntcInVcIjozMDgzNTI4MyxcInZcIjoxLFwidXJsXCI6XCJodHRwczpcXFwvXFxcL3d3dy5waXFkLmNvbVxcXC91c2Vyc1xcXC93aWxsLmtoZXJiZWtcIixcImlkXCI6XCJjN2QwYTU3MDgwMzY0ZDllYTY3YzFmMjJiMjBiOWUwOVwiLFwidXJsX2lkc1wiOltcImM5MzU0OGU4NTlmMDM2MzZmZDZhZjM3NzkzMzMyOGZkMDM0YjEyYWFcIl19In0> | Boom and bust <https://mandrillapp.com/track/click/30835283/www.piqd.com?p=eyJzIjoiNTZ0NXJRNDYtNmd4TTJONXdiTjc3UF9uajFrIiwidiI6MSwicCI6IntcInVcIjozMDgzNTI4MyxcInZcIjoxLFwidXJsXCI6XCJodHRwczpcXFwvXFxcL3d3dy5waXFkLmNvbVxcXC9ib29tLWJ1c3RcIixcImlkXCI6XCJjN2QwYTU3MDgwMzY0ZDllYTY3YzFmMjJiMjBiOWUwOVwiLFwidXJsX2lkc1wiOltcIjMwZWE3OWQzOTA0MzRmOGYzYTEzMjQ0ZWY2MDYzYTQ3NjIyYjkxNGZcIl19In0> Monopolies And "Capitalist Dystopia" <https://mandrillapp.com/track/click/30835283/www.piqd.com?p=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> Boom and bust <https://mandrillapp.com/track/click/30835283/www.piqd.com?p=eyJzIjoiNTZ0NXJRNDYtNmd4TTJONXdiTjc3UF9uajFrIiwidiI6MSwicCI6IntcInVcIjozMDgzNTI4MyxcInZcIjoxLFwidXJsXCI6XCJodHRwczpcXFwvXFxcL3d3dy5waXFkLmNvbVxcXC9ib29tLWJ1c3RcIixcImlkXCI6XCJjN2QwYTU3MDgwMzY0ZDllYTY3YzFmMjJiMjBiOWUwOVwiLFwidXJsX2lkc1wiOltcIjMwZWE3OWQzOTA0MzRmOGYzYTEzMjQ0ZWY2MDYzYTQ3NjIyYjkxNGZcIl19In0> <https://mandrillapp.com/track/click/30835283/www.piqd.com?p=eyJzIjoiYUFTQXlUUnhfeHVvd2gtMjZtSXBxMzdrT0g0IiwidiI6MSwicCI6IntcInVcIjozMDgzNTI4MyxcInZcIjoxLFwidXJsXCI6XCJodHRwczpcXFwvXFxcL3d3dy5waXFkLmNvbVxcXC91c2Vyc1xcXC93aWxsLmtoZXJiZWtcIixcImlkXCI6XCJjN2QwYTU3MDgwMzY0ZDllYTY3YzFmMjJiMjBiOWUwOVwiLFwidXJsX2lkc1wiOltcImM5MzU0OGU4NTlmMDM2MzZmZDZhZjM3NzkzMzMyOGZkMDM0YjEyYWFcIl19In0> piqer: Will Kherbek 5 <https://mandrillapp.com/track/click/30835283/www.piqd.com?p=eyJzIjoiVmhCbWJnOWdDck1hQ0ZnQlB4bmFBUm1TbG8wIiwidiI6MSwicCI6IntcInVcIjozMDgzNTI4MyxcInZcIjoxLFwidXJsXCI6XCJodHRwczpcXFwvXFxcL3d3dy5waXFkLmNvbVxcXC90cmFja2luZ1xcXC9ib29tLWJ1c3RcXFwvbW9ub3BvbGllcy1hbmQtY2FwaXRhbGlzdC1keXN0b3BpYT9jaWQ9NjI3ZWVkMjE4YjQ2N2I4MDY0NWRkNWNlNWI2NmI4NzcmcmVmPWRhaWx5ZGlnZXN0JnNvdXJjZT1EYWlseURpZ2VzdEVtYWlsJnV0bV9jYW1wYWlnbj12aWV3cGlxJnV0bV9jb250ZW50PTIwMTgtMTEtMjAmdXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPWRhaWx5ZGlnZXN0XCIsXCJpZFwiOlwiYzdkMGE1NzA4MDM2NGQ5ZWE2N2MxZjIyYjIwYjllMDlcIixcInVybF9pZHNcIjpbXCI2NGI3ZjdiYzBiZjAyMDMwNzdmNjk4MWFhNzFmNWQ4ODc4OWY5MGM2XCJdfSJ9> Monopolies And "Capitalist Dystopia" <https://mandrillapp.com/track/click/30835283/www.piqd.com?p=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> One doesn’t expect to hear the phrase “capitalist dystopia” uttered without irony by a reporter for *The Economist*; nevertheless, that is the troubling diagnosis of Patrick Fowles in this “Money Talks” podcast. Fowles is speaking specifically about the advance of monopolies in a number of sectors of the American economy. He recounts a recent trip to America to attend a conference and lists the monopolies and quasi-monopolies he interacts with on his brief trip. The numbers speak for themselves: Apple, 62% marketshare; the three main credit card providers, American Express, Visa, and Mastercard, 95% marketshare; Google, 60% of browser marketshare. These aren’t even the most shocking numbers he cites. The picture gets even bleaker when Fowles recites a list of the largest corporations in America and reveals that 17% of the shares in these companies are owned by one or another of three investment firms: Blackrock, State Street, and Vanguard. One could extend this analysis further and consider that investment houses like the aforementioned big three, and the companies they deal with, are rated for creditworthiness by three firms: Moody’s, Standard and Poor’s, and Fitch Group (collectively, 95% marketshare). Such levels of concentration are not only staggering, but Fowles suggests, pernicious. The size of the problem, like the size of the companies that are creating it, is only growing, but Fowles podcast host Simon Long, *The Economist*'s International Editor, provide both a genealogy of an incipient crisis as well as a mercifully plausible blueprint for solving it. Indeed, Fowles suggests, the only true challenge is ensuring that there's sufficient political will to address the crisis. Unlikely? Perhaps, but having listened to this call to arms by market-loving capitalists against a galloping capitalist dystopia, one is left with a genuine sense of hope that anything is possible. <https://twitter.com/intent/tweet?text=Monopolies%20And%20%22Capitalist%20Dystopia%22%20https%3A%2F%2Fwww.piqd.com%2Fboom-bust%2Fmonopolies-and-capitalist-dystopia%3Futm_source%3DTwitter%26utm_medium%3Dsocial%26utm_campaign%3Dnewsletter_sharing%20via%20%40piqd_com> <https://mandrillapp.com/track/click/30835283/www.facebook.com?p=eyJzIjoiU1dhamRYanIxZklPX3otTDlnSWREeVhDdjhjIiwidiI6MSwicCI6IntcInVcIjozMDgzNTI4MyxcInZcIjoxLFwidXJsXCI6XCJodHRwczpcXFwvXFxcL3d3dy5mYWNlYm9vay5jb21cXFwvc2hhcmVyXFxcL3NoYXJlci5waHA_dT1odHRwcyUzQSUyRiUyRnd3dy5waXFkLmNvbSUyRmJvb20tYnVzdCUyRm1vbm9wb2xpZXMtYW5kLWNhcGl0YWxpc3QtZHlzdG9waWElM0Z1dG1fc291cmNlJTNERmFjZWJvb2slMjZ1dG1fbWVkaXVtJTNEc29jaWFsJTI2dXRtX2NhbXBhaWduJTNEbmV3c2xldHRlcl9zaGFyaW5nXCIsXCJpZFwiOlwiYzdkMGE1NzA4MDM2NGQ5ZWE2N2MxZjIyYjIwYjllMDlcIixcInVybF9pZHNcIjpbXCI2NWJmYWJhNDJhN2Y0MzI0ZDFlZTI5NjY5OWVhMDQzYmE2ZGY0M2JiXCJdfSJ9> <https://mandrillapp.com/track/click/30835283/www.piqd.com?p=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> <https://mandrillapp.com/track/click/30835283/www.piqd.com?p=eyJzIjoiU3VFOFR3RV9nRkRUemp5c3VnMzl5aDdrNWEwIiwidiI6MSwicCI6IntcInVcIjozMDgzNTI4MyxcInZcIjoxLFwidXJsXCI6XCJodHRwczpcXFwvXFxcL3d3dy5waXFkLmNvbVxcXC90cmFja2luZ1xcXC9ib29tLWJ1c3RcXFwvbW9ub3BvbGllcy1hbmQtY2FwaXRhbGlzdC1keXN0b3BpYVxcXC9vcmlnaW5hbD9jaWQ9NjI3ZWVkMjE4YjQ2N2I4MDY0NWRkNWNlNWI2NmI4Nzcmc291cmNlPURhaWx5RGlnZXN0RW1haWxcIixcImlkXCI6XCJjN2QwYTU3MDgwMzY0ZDllYTY3YzFmMjJiMjBiOWUwOVwiLFwidXJsX2lkc1wiOltcIjU1NDRlMGY5NzMwYThlNzliNjRmYTE0MDYyZmU4YzBmMzZmODkxZDZcIl19In0> Source: The Economist | soundcloud.com on 11/13/2018 | Image: The Economist Podcast | Language: EN Money talks: Monopolies and boardroom games by The Economist Read article <https://mandrillapp.com/track/click/30835283/www.piqd.com?p=eyJzIjoiU3VFOFR3RV9nRkRUemp5c3VnMzl5aDdrNWEwIiwidiI6MSwicCI6IntcInVcIjozMDgzNTI4MyxcInZcIjoxLFwidXJsXCI6XCJodHRwczpcXFwvXFxcL3d3dy5waXFkLmNvbVxcXC90cmFja2luZ1xcXC9ib29tLWJ1c3RcXFwvbW9ub3BvbGllcy1hbmQtY2FwaXRhbGlzdC1keXN0b3BpYVxcXC9vcmlnaW5hbD9jaWQ9NjI3ZWVkMjE4YjQ2N2I4MDY0NWRkNWNlNWI2NmI4Nzcmc291cmNlPURhaWx5RGlnZXN0RW1haWxcIixcImlkXCI6XCJjN2QwYTU3MDgwMzY0ZDllYTY3YzFmMjJiMjBiOWUwOVwiLFwidXJsX2lkc1wiOltcIjU1NDRlMGY5NzMwYThlNzliNjRmYTE0MDYyZmU4YzBmMzZmODkxZDZcIl19In0> Your newsletter Not enough information in your newsletter? 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