Summary of Tim Wu's The Curse of Bigness

Please note: This is a companion version & not the original book. Book Preview:

#1 The United States underwent a political and economic movement in the late nineteenth century called the Trust Movement, which called for the reorganization of the American and world economy into a new form: the giant, monopoly corporation.

#2 The Trust Movement’s economic arguments were that monopolies like Rockefeller’s and Morgan’s were saving the economy from ruin. They believed that the strong and greatest of men were ushering in a new world order.

#3 The Trust movement was a response to the perceived government restrictions on economic growth, and it promoted the survival of the fittest, largely indifferent to the plight or demise of the weak, poor, and unfit.

#4 While the Trust Movement was lucrative, it also engendered great popular resistance that threatened a new revolution. The Sherman Act was passed in 1890, and it was clear that the law was meant to address the Trust Problem and the rising power of the monopoly trusts.

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E-raamat: 5. mai 2022