The Myth of Capitalism

Monopolies and the Death of Competition

By: Jonathan Tepper, Denise Hearn

Narrated by: Pamela Almand

Length: 9 hrs and 53 mins

Publisher's summary

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

If you love capitalism

If you want to know what’s really going on in America and truly want to fix the current state of things. This provides essential information about what’s really going on in the supposedly free market. The problem is in capitalism. The problem is they blatantly ignoring of the rules and laws which stifle Capitalism.

The true issue of our time

Everyone should listen to and understand the premise of this book. Our country depends on it. It only re-enforced all the economic principles that I have been studying. My belief that both the right and left have it wrong and right.

Should Be A Must Listen

Unpacks capitalism and what we have the America very well. I think this should be a must listen regardless of political leanings.

Read and then take action

Considering I bought this book through a company aquired by Amazon, I am guilty as charged. I've been a huge advocate for each and everyone of the companies now dominating todays market. For example I bought an Amazon shredder which was essentially knock off of a popular shredder made by an independent company advertising on Amazon. More concerning is the huge drop of internet start ups we are seeing in San Francisco. Its like the money has dried up. Bottom line is these companies are not bad. but any concentration of power is. This is a good sjort read with lots of information. Pass it along

Excellent analysis of a global problem

Tepper has made an excellent analysis of what is wrong with capitalistic system in the US of today. But the problem is not only there, it is a global problem. The sad thing is that politicians on both side of the aisle seem to be uninterested in taking actions towards their big corporate sponsors which in most cases are encumbents protecting monopolistic or near monopolistic market positions. One good example is the finance and banking industry where the regulators are issuing hundred thousand pages of Basel regulations which pratically make it impossible to start or run a small finance company or bank. The large institutions are just paying lip service to the critism of this overeagerness of heavy handed regulations knowing that for each new regulations implemented their dominant market positions get ever more unassailable. Who is paying the price for this effectice reduction of competition? You, dear consumer. The loss to consumers and society in general due overregulations will be many times the losses incurred by the financial crisis. Bear in mind that the US Treasurys investments in saving banks and finance companies were paid back with interest in 2014. The global corrision of competitive forces will cost tax payers and the common man many times the loss of output due the financial crisis. It is now more than 11 years since financial crisis ended and there does not seem to be any stop to the regulatory tsunami hitting e.g. the finance and banking sector.

Important book, a must listen

Unfortunately, the narration is very dry, basically computerized. There’s barely any attempt to match the written word’s tone or humor.

However, still an important and worthy listen.

So, It Has Come To This?

So many people will not vote. Corporations will not change willingly. Politicians are owned by the corporations. Time for people to get out the pitchforks?

Interesting analysis of Monopoly

Well founded thesis but too many examples of problems and a very few examples of proposed solutions and lack of clear pathway for implementation. Follow up of this writing is shortly needed. An eye opener!

Flawed, but still worth a read.

A lot of good insight. Author has no understanding of several industries like banking and some aspects of tech as it relates to consumers. It is almost as clueless as Warren. Rather political toward the end of the book, but on the whole, a worthwhile read.

Read this book before it is banned

This is one of the best books that I have ever read. It is balanced, objective and approachable. It mixes economics, history and sociology seamlessly. The order of the book couldn't be better. it explains the problems and then gives specific examples. the summary gives practical short term and long term solutions.

This book doesn't just point fingers and divide people. Individual responsibility and personal choices are included in explanations of cause and effect.

This book could save America by bringing the left and right together around common goals. The by-product of following the suggestions made in this book would be a fairer country where innovators are rewarded and small businesses thrive.