A former competition lawyer telling us after the collapse of the Rana Plaza clothing factory in Bangladesh in 2013 after driven by competition to cut costs and maximise profits quite literally may kill us.
The rising levels of power are concentrated in the hands of a few yet no government or organisation has the power to regulate these titans and hold them to account. We absolutely need big companies to share their power and the people of the world need to reclaim it.
She propagates a new framework to control capitalism from the inside in order to make it work for many, not just a few.
Meagher has made her mission in life to campaign against these multi-billion and trillion-dollar mammoths that dominate the market and prioritise shareholder profits over all else, leading to extreme wealth inequality, inhumane conditions for workers, and relentless pressure on the environment.
In Competition Is Killing us, she introduces her wholly-achievable alternative, a fair and comprehensive competition law that limits unfair mergers, enforces accountability, and redistributes power through stakeholder governance. The book has a forward by Simon Holmes, Member of the UK’s Competition Appeal Tribunal, Academic Visitor at the Centre for Competition Law and Policy, Oxford University.
Competition Is Killing Us: How Big Business is Harming Our Society and Planet – and What to do About It by Michelle Meagher, Penguin £16.99