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The Myth of Capitalism

Monopolies and the Death of Competition

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The Myth of Capitalism

Written by: Jonathan Tepper, Denise Hearn
Narrated by: Pamela Almand
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About this listen

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 paycheck 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 the US is becoming a more unequal society, why economic growth is anemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why workers are losing out.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2019 Jonathan Tepper and Denise Hearn (P)2019 Gildan Media
Political Science Theory

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An outstanding piece

This is by far the best book I have read in this context. A must read for all interested in the financial markets, understanding companies, how monopolies and oligopolies work.

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Well researched but solutions could've been better

The author defines the problem very well but there are a few things that could've been better.
1. More examples from the rest of the world and not just the US
2. There's a bit of a false equivalency between the far right and the left movements in the US
3. I was expecting the author to spend more time and provide more examples to how the problem of monopoly can be fixed. It was wound up in about 30 mins.

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A Good listen

A good one, however not so relevant for Indian audience is my opinion. Try it yourself.

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Relevant in current times....

Although this book is based on practices followed in Corporations listed in the USA, it is relevant for us in any part of the world, since we deal with such global corporations, either as a consumer, vendor or an employee. Unfortunately the industries, in the other parts of the world, seem to be picking up bad habits, from the Microsoft case. No wonder that one can sense a growing unrest in the working class, as it gets a raw deal in the process.
The books brings together several diverse points of view in this context. Very much relevant content.

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interesting insightful read

imprinted narration and narrative, should be read by everybody interested in capitalism and what has gone wrong with it...

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