In 1936, British citizens defeated fascism in the famous Battle of Cable Street. Almost a century later, far-right fascist forces are back. Cable Street explores the current global rise of the far-right and fascism: what is driving this phenomenon, where is it leading, and what can be done in response?

Episode #12: Monopolies Caused Income Inequality – Here’s How to Fix It

July 25, 2018

In this episode of Cable Street, I'm joined by Matt Stoller to discuss how the rise of monopolies has contributed to income inequality and political populism.

Matt is a Fellow at the Open Markets Institute, and an expert on monopolies, and has written for the New York Times, the Washington Post, The New Republic, Vice, and Salon.

Matt argues that the root cause of income inequality and the rise of populist politics is due to the power and influence of monopolistic companies. Companies like Amazon, Facebook and Walmart are lowering wages, hurting growth, reducing worker bargaining power and increasing corporate influence.

The solution? Break them up. It’s been done before and we can do it again. We also discuss what this means for politics, and what can be done to stop it.

Show Notes

Matt Stoller – Twitter

Open Market Institute

How Democrats Killed Their Populist Soul – Article link

Show Team

Geoff Sharpe

Geoff is the host of Cable Street and co-founder of The Cable.

@geoff_sharpe