Why were so many Taylor Swift fans unable to secure tickets for her upcoming US tour? Possible explanations vary, but many have pointed to market power concentration in creative industries, and how it affects the creative class and consumers. Consider Amazon’s influence in book publishing, Google/Facebook’s advertising duopoly effect on news media, or in Swift’s case, Ticketmaster’s control of ticketing and venues for artists. In a new book (coauthored with University of Melbourne’s Rebecca Giblin), writer and activist Cory Doctorow calls this ‘capture’ of creative labor markets “chokepoint capitalism.”

On this episode of the Capitalisn’t podcast, Doctorow joins hosts Bethany McLean and Luigi Zingales to discuss the negative effects of concentration, why the doctrine that gave us these market effects is inadequate, and what could be done to return more power and profits to creative workers.

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