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Episode 4: Cory Doctorow On Chokepoint Capitalism
Manage episode 360130512 series 3448018
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Cory Doctorow joins co-hosts Ben Goertzel, Lisa Rein and Desdemona Robot, to discuss the topic of his latest book, “Chokepoint Capitalism,” which he co-authored with Rebecca Giblin.
Chokepoint capitalism is a term coined to describe the way that corporations use their power to crush competition and lock in customers, resulting in higher prices for customers and lower wages for workers. It is a system that diverts record profits to corporations, allowing them to further cement their power and control over the marketplace.
As the book explains, corporations often use “chokepoints” to create an hourglass shaped market, with customers at one end, creators at the other, and corporations in the middle. This anti-competitive cycle is resulting in lower prices for consumers, but also lower wages for workers, creating a cycle that’s giving corporations that have more and more power over the marketplace.
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