The Myth of Capitalism, Denise Hearn
The Myth of Capitalism, Denise Hearn
3 Rating(s)
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The Myth of Capitalism
Monopolies and the Death of Competition

Author: Denise Hearn, Jonathan Tepper

Narrator: Pamela Almand

Unabridged: 9 hr 53 min

Format: Digital Audiobook Download

Publisher: Ascent Audio

Published: 04/16/2019

Includes: Bonus Material Bonus Material Included


Synopsis

The Myth of Capitalism tells the story of how America has gone from an open, competitive marketplace to an economy where a few very powerful companies dominate key industries that affect our daily lives. Digital monopolies like Google, Facebook, and Amazon act as gatekeepers to the digital world. Amazon is capturing almost all online shopping dollars. We have the illusion of choice, but for most critical decisions, we have only one or two companies, when it comes to high speed Internet, health insurance, medical care, mortgage title insurance, social networks, Internet searches, or even consumer goods like toothpaste. Every day, the average American transfers a little of their pay check to monopolists and oligopolists. The solution is vigorous anti-trust enforcement to return America to a period where competition created higher economic growth, more jobs, higher wages and a level playing field for all. The Myth of Capitalism is the story of industrial concentration, but it matters to everyone, because the stakes could not be higher. It tackles the big questions of: why is the US becoming a more unequal society, why is economic growth anemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why are workers losing out.

Reviews

Goodreads review by Athan on February 21, 2024

This is a story that’s crying to be told. For three important reasons, this is not the book that tells it. First, it’s poorly written: no editor’s been within a mile of it; the authors repeat entire paragraphs verbatim! (example: second paragraph of p. 98 and first paragraph of p. 118). If that is be......more

Goodreads review by David on December 03, 2018

Jonathan Tepper is angry. He's tired of defending capitalism when its current iteration is indefensible. He's perturbed to see a system he's worked in and thrived in for so long go to pieces. And he saves the most scorn for those functionaries in economics and the law leading the nation down a path......more

Goodreads review by Ardon on September 04, 2020

I suppose that having competition as one of the key defining features of capitalism makes sense; greater diversity begets more choices for consumers, and keeps prices somewhat lower. However, Tepper makes the case that we are seeing less and less competition, because of monopolies, which insidiously......more

Goodreads review by Saurav on September 22, 2021

This book is totally an eye opener to the malpractices of capitalism that if going on, specifically in US. Monopolies are killing free market and cutting through the throats of consumers. Nowadays, no start up dreams of being another Google or Amazon. They know they will be eaten up by these Tech gi......more