In my occasional posts about Amazon over the past few years, it is becoming clear to me that I am concerned about the dangers that come from some of the foundational principles of business management, such as excellent customer service, and scale. I have not read his new book yet, but I listen to and read Tim Wu whenever I see an opportunity. His publisher has this to say:
So, I look forward to learning more about it. Today’s episode of The Daily has useful commentary on Amazon-related topics. Thanks to David Leonhardt for bringing Tim Wu’s new book to my attention:
In one industry after another, big companies have become more dominant over the past 15 years, new data show.
The popular telling of the Boston Tea Party gets something wrong. The colonists were not responding to a tax increase. They were responding to the Tea Act of 1773, which granted a tea monopoly in the colonies to the well-connected East India Company. Merchants based in the Americas would be shut out of the market.
Many colonists, already upset about taxation without representation and other indignities, were enraged. In response, dozens of them stormed three ships in Boston Harbor on the night of Dec. 16, 1773, and tossed chests of East India tea — “that worst of plagues, the detested tea,” as one pamphlet put it — into the water.
A major spark for the American Revolution, then, was a protest against monopoly.
A strong strain of anti-monopoly sentiment has run through our politics ever since. America was born as “a nation of farmers and small-town entrepreneurs,” the historian Richard Hofstadter once wrote, “anti-authoritarian, egalitarian and competitive.” Hostility to corporate bigness animated Thomas Jefferson and Teddy Roosevelt, as well as the labor movement, Granger movement, Progressive movement and more.
Read the whole op-ed here.