The Profit Paradox: How Thriving Firms Threaten the Future of Work
Written by Jan Eeckhout
Narrated by Zeb Soanes
4.5/5
()
About this audiobook
This audiobook narrated by Zeb Soanes offers a pioneering account of the surging global tide of market power and how it stifles workers around the world
In an era of technological progress and easy communication, it might seem reasonable to assume that the world’s working people have never had it so good. But wages are stagnant and prices are rising, so that everything from a bottle of beer to a prosthetic hip costs more. Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power—the ability to set prices higher than they could in a properly functioning competitive marketplace. Drawing on his own groundbreaking research and telling the stories of common workers throughout, he demonstrates how market power has suffocated the world of work, and how, without better mechanisms to ensure competition, it could lead to disastrous market corrections and political turmoil.
The Profit Paradox describes how, over the past forty years, a handful of companies have reaped most of the rewards of technological advancements—acquiring rivals, securing huge profits, and creating brutally unequal outcomes for workers. Instead of passing on the benefits of better technologies to consumers through lower prices, these “superstar” companies leverage new technologies to charge even higher prices. The consequences are already immense, from unnecessarily high prices for virtually everything, to fewer startups that can compete, to rising inequality and stagnating wages for most workers, to severely limited social mobility.
A provocative investigation into how market power hurts average working people, The Profit Paradox also offers concrete solutions for fixing the problem and restoring a healthy economy.
Related to The Profit Paradox
Related audiobooks
The Great Reversal: How America Gave Up on Free Markets Rating: 5 out of 5 stars5/5Cogs and Monsters: What Economics Is, and What It Should Be Rating: 4 out of 5 stars4/5The Technology Trap: Capital, Labor, and Power in the Age of Automation Rating: 4 out of 5 stars4/5The Myth of Capitalism: Monopolies and the Death of Competition Rating: 4 out of 5 stars4/5The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations Rating: 4 out of 5 stars4/5The Hidden Wealth Nations: The Scourge of Tax Havens Rating: 4 out of 5 stars4/5Capitalism Without Capital: The Rise of the Intangible Economy Rating: 4 out of 5 stars4/5Monopolized: Life in the Age of Corporate Power Rating: 5 out of 5 stars5/5The Finance Curse: How Global Finance Is Making Us All Poorer Rating: 4 out of 5 stars4/5The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality Rating: 3 out of 5 stars3/5GDP: A Brief but Affectionate History - Revised and expanded Edition Rating: 4 out of 5 stars4/5The 9.9 Percent: The New Aristocracy That Is Entrenching Inequality and Warping Our Culture Rating: 4 out of 5 stars4/5Between Debt and the Devil: Money, Credit, and Fixing Global Finance Rating: 0 out of 5 stars0 ratingsStraight Talk on Trade: Ideas for a Sane World Economy Rating: 3 out of 5 stars3/5Success and Luck: Good Fortune and the Myth of Meritocracy Rating: 3 out of 5 stars3/5The Corporation: The Pathological Pursuit of Profit and Power Rating: 5 out of 5 stars5/5Who Gets What—And Why: The New Economics of Matchmaking and Market Design Rating: 4 out of 5 stars4/5The Inflation Myth and the Wonderful World of Deflation Rating: 4 out of 5 stars4/5Deaths of Despair and the Future of Capitalism Rating: 4 out of 5 stars4/5Inflated: How Money and Debt Built the American Dream Rating: 4 out of 5 stars4/5The Smartest Places on Earth: Why Rustbelts Are the Emerging Hotspots of Global Innovation Rating: 4 out of 5 stars4/5Narrative Economics: How Stories Go Viral and Drive Major Economic Events Rating: 4 out of 5 stars4/5The Code of Capital: How the Law Creates Wealth and Inequality Rating: 4 out of 5 stars4/5Davos Man: How the Billionaires Devoured the World Rating: 4 out of 5 stars4/5Engine of Inequality: The Fed and the Future of Wealth in America Rating: 5 out of 5 stars5/5The Money Plot: A History of Currency's Power to Enchant, Control, and Manipulate Rating: 4 out of 5 stars4/5The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance Rating: 5 out of 5 stars5/5The New Nomads: How the Migration Revolution is Making the World a Better Place Rating: 4 out of 5 stars4/5Global Inequality: A New Approach for the Age of Globalization Rating: 4 out of 5 stars4/5
Economics For You
Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain Rating: 4 out of 5 stars4/5The Lords of Easy Money: How the Federal Reserve Broke the American Economy Rating: 4 out of 5 stars4/5Economics 101: From Consumer Behavior to Competitive Markets—Everything You Need to Know About Economics Rating: 5 out of 5 stars5/5Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail Rating: 5 out of 5 stars5/5Why the Rich Are Getting Richer Rating: 5 out of 5 stars5/5Economics 101: How the World Works Rating: 5 out of 5 stars5/5Don't Trust Your Gut: Using Data to Get What You Really Want in Life Rating: 4 out of 5 stars4/5Killing Sacred Cows: Overcoming the Financial Myths that are Destroying Your Prosperity Rating: 5 out of 5 stars5/5Freakonomics Rev Ed Rating: 4 out of 5 stars4/5Men Without Work: America's Invisible Crisis Rating: 4 out of 5 stars4/5Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty Rating: 4 out of 5 stars4/5Nudge: The Final Edition: Improving Decisions About Money, Health, And The Environment Rating: 4 out of 5 stars4/5Chip War: The Quest to Dominate the World's Most Critical Technology Rating: 5 out of 5 stars5/5Marvel Comics: The Untold Story Rating: 4 out of 5 stars4/5Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Rating: 4 out of 5 stars4/5How the World Works Rating: 4 out of 5 stars4/5Four Futures: Life After Capitalism Rating: 4 out of 5 stars4/5The Ascent of Money: A Financial History of the World Rating: 4 out of 5 stars4/5Nothing Is True and Everything Is Possible: The Surreal Heart of the New Russia Rating: 4 out of 5 stars4/5Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist Rating: 5 out of 5 stars5/5The War Below: Lithium, Copper, and the Global Battle to Power Our Lives Rating: 5 out of 5 stars5/5Requiem for the American Dream: The 10 Principles of Concentration of Wealth & Power Rating: 5 out of 5 stars5/5These are the Plunderers: How Private Equity Runs—and Wrecks—America Rating: 5 out of 5 stars5/5The Genius of Israel: The Surprising Resilience of a Divided Nation in a Turbulent World Rating: 4 out of 5 stars4/5The Sovereign Individual: Mastering the Transition to the Information Age Rating: 5 out of 5 stars5/5San Fransicko: Why Progressives Ruin Cities Rating: 4 out of 5 stars4/5More Money Than God: Hedge Funds and the Making of a New Elite Rating: 4 out of 5 stars4/5This Changes Everything: Capitalism vs. The Climate Rating: 4 out of 5 stars4/5The Divide: Global Inequality from Conquest to Free Markets Rating: 4 out of 5 stars4/5
Reviews for The Profit Paradox
12 ratings0 reviews