Cornered: by Barry C. Lynn
From Thomas Frank’s review in the WSJ:
‘If monopoly persists, monopoly will always sit at the helm of the government,” Woodrow Wilson once wrote. “If there are men in this country big enough to own the government of the United States, they are going to own it.”
This was the great, consuming fear of the once-robust antitrust movement: that competition would be destroyed and government itself brought to heel by concentrated private power. That movement was a force to be reckoned with in the 19th and early 20th centuries, but after World War II the public’s dread of bigness seemed to fade away.