Alfred A. Knopf announced Monday that Senator Amy Klobuchar, a Minnesota Democrat and former presidential candidate, would write about monopolies and their recommendations on how to challenge them in a book due to be published in April.
The book “Antitrust Law: Taking Over Monopoly Power From the Gilded to the Digital Age” is a mixture of history, law, personal anecdotes and politics and includes companies like John D. Rockefellers Standard Oil, Amazon and pharmaceutical companies. It is also a blueprint for how Congress and the future Biden administration might adjust the United States’ approach to regulation.
“Corporate consolidation, monopoly power, dark money and increasing income inequality are issues that require a newly strengthened pro-competitive agenda,” Ms Klobuchar said in a statement. “My book traces the history of the American antitrust movement and explains why it was important when the Sherman Antitrust Act was passed by Congress in 1890 and why it is even more important today. It shows the importance of new laws and more effective enforcement in protecting American consumers and free enterprise. “
Ms. Klobuchar, a former prosecutor, sits on the Senate Judiciary Committee and is the highest-ranking member of its Antitrust Subcommittee. Her upcoming book arose out of a conversation about three years ago with Victoria Wilson, Vice President and Senior Editor at Knopf. Ms. Klobuchar had already written a paper called The Senator Next Door, and during their conversation Ms. Wilson encouraged her to write another type of book.
“Antitrust law” will “lead the way to a series of serious steps that could not have happened in the past four years,” said Ms. Wilson. The monopoly-related issues, which have raised bipartisan concerns over Google, Facebook and other tech giants, are “just getting more onerous for everyone,” she added.
While the book covers a variety of industries – it deals with concentrated power in sectors like healthcare, beer, and toothpaste – Washington particularly anticipates the Biden government’s plans for Silicon Valley on issues such as privacy, misinformation, and competition. Knopf is an imprint from Penguin Random House that could be subject to its own antitrust review if it took over Simon & Schuster.
The announcement of Ms. Klobuchar’s book deal comes days after one of her colleagues in Congress lost his.
Senator Josh Hawley, a Missouri Republican and Trump ally who tried to help him dismiss the presidential election results, wrote “The Tyranny of Big Tech,” a book for Simon & Schuster, which deals with tech giants and their power should deal. Simon & Schuster canceled the deal Thursday after the deadly riot at the Capitol, saying he “could not support Senator Hawley after his role in a dangerous threat”.