Friday, April 15, 2016

Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity

This is a refreshing approach to the question of income inequality. The problem is not so much the people, but the system that we have that puts a high premium on growth and consolidation. The financial provides strong benefits to consolidation and carving off singular domains. Consumers like the convenience of dealing with a single entity, rather than with multiple different people. It is easier going through a central source (like and Amazon or Uber), even though this leads to a huge amount of control on inequality. In turn, these businesses can use their clout to further "regulate" smaller companies out of the market (often under the guise of protecting consumers.)

The book has a balanced approach that attempts to present things objectively, identifying why like a system that seems less than ideal and why some of the "solutions" do not seem to fully work. Supporting local business and people that we interact with regularly helps move the big corporation out of the picture. There are many alternatives to the "big corporations". However, using them will involve some trade offs. Are we willing to make the changes? Or do we just want to complain and ask the government to become even more overbearing (and exacerbating the problem further)?

No comments:

Post a Comment