Summary of Rebecca Giblin & Cory Doctorow's Chokepoint Capitalism

ebook

By IRB Media

cover image of Summary of Rebecca Giblin & Cory Doctorow's Chokepoint Capitalism

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

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#1 The culture market is a winner-takes-all system, in which a handful of people take almost all the rewards. This has always been the case, but now there is less and less to share.

#2 The reason creative workers are receiving a declining share of the wealth generated by their work is the same reason all workers are receiving a smaller share—we have structured society to make rich people richer at everyone else's expense.

#3 Capitalism is supposed to be based on free markets, but markets have a natural tendency toward monopoly, destructive extraction, and rent-seeking. To keep those tendencies in check, governments have been forced to engage in vigilant stewardship of markets.

#4 The culture market is a winner-takes-all system in which a handful of people take almost all the rewards. This has always been the case, but now there is less and less to share.

Summary of Rebecca Giblin & Cory Doctorow's Chokepoint Capitalism