- Tuesday, September 1, 2020 at 12:00PM - 1:30PM
- Open To The Yale Community
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In her book Competition is Killing Us: How Big Business Harms Our Society and Planet - and What to do About it, Michelle Meagher seeks to answer the elusive question at the heart of many of the most important economic debates of our times: why does corporate capitalism concentrate wealth and power in so few hands, but spread its harms so widely? Michelle identifies a paradox embedded within capitalism whereby we have too little competition to challenge unaccountable monopolies but at the same time too much competition forcing companies to cut corners and encouraging them to shift costs onto society or the environment. No more so than in relation to the tech giants, the very notion of 'competition' has been used to justify monopoly and externalities. This presentation will explore some of the myths about 'competition' and 'shareholder value' that are debunked in the book, as well as taking a look at some of the most promising solutions for challenging corporate power, including in digital markets, through robust antitrust, democratisation of corporate structures and the empowerment of the disempowered.
Michelle Meagher is a Senior Policy Fellow at the University College London Centre for Law, Economics and Society and co-founder of the Inclusive Competition Forum, a think tank focused on democratising corporate power and the enforcement of competition law.
Information Society Project (ISP) and the Thurman Arnold Project (TAP@Yale)