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The Myth of Capitalism
- Monopolies and the Death of Competition
- Narrated by: Pamela Almand
- Length: 9 hrs and 53 mins
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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.
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The author of 12 acclaimed books, Robert B. Reich is a Chancellor’s Professor of Public Policy at the University of California, Berkeley, and has served in three national administrations. While many blamed Wall Street for the financial meltdown, Aftershock points a finger at a national economy in which wealth is increasingly concentrated at the top - and where a grasping middle class simply does not have the resources to remain viable.
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Very plausible assessment of our economy
- By CAR TOP CAMPER on 10-06-10
By: Robert B. Reich
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How Are You Going to Pay for That?
- Smart Answers to the Dumbest Question in Politics
- By: Ryan Cooper
- Narrated by: Ryan Cooper
- Length: 8 hrs and 22 mins
- Unabridged
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How Are You Going to Pay for That? is filled with engaging discussions and detailed strategies that policymakers and citizens alike can use to assail even the most entrenched lines of neoliberal logic and start to undo these long-held misconceptions. Equal parts economic theory, history, and political polemic, this is an essential roadmap for winning the key battles to come.
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Yay, Taxes!!!
- By Luvelway on 02-19-24
By: Ryan Cooper
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An Extraordinary Time
- The End of the Postwar Boom and the Return of the Ordinary Economy
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- Narrated by: James Foster
- Length: 10 hrs and 55 mins
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A sweeping reappraisal of the last sixty years of world history, An Extraordinary Time describes how the postwar economic boom dissipated, undermining faith in government, destabilizing the global financial system, and forcing us to come to terms with how tumultuous our economy really is.
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Good review of crucial turning point in history
- By Philo on 11-22-16
By: Marc Levinson
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The Undercover Economist
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Author of the extremely popular "Dear Economist" column in Financial Times, Tim Harford reveals the economics behind everyday phenomena in this highly entertaining and informative book. Can a book about economics be fun to read? It can when Harford takes the reins, using his trademark wit to explain why it costs an arm and a leg to buy a cappuccino and why it's nearly impossible to purchase a decent used car.
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Everyone needs to know this.
- By Paul Norwood on 04-24-06
By: Tim Harford
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Plutocrats
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There has always been some gap between rich and poor in this country, but in the last few decades what it means to be rich has changed dramatically. Alarmingly, the greatest income gap is not between the 1 percent and the 99 percent, but within the wealthiest 1 percent of our nation-as the merely wealthy are left behind by the rapidly expanding fortunes of the new global super-rich. Forget the 1 percent; Plutocrats proves that it is the wealthiest 0.1 percent who are outpacing the rest of us at break-neck speed.
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Good Storytelling but ... analysis is "eh'
- By Susan on 11-04-12
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The Instant Economist
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Economics isn't just about numbers: It's about politics, psychology, history, and so much more. We are all economists - when we work, save for the future, invest, pay taxes, and buy our groceries. Yet many of us feel lost when the subject arises. Award-winning professor Timothy Taylor here tackles all the key questions and hot topics of both microeconomics and macroeconomics, so you can understand and discuss economics on a personal, national, and global level.
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Timothy Taylor is the best
- By Jake on 02-15-15
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Phishing for Phools
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Ever since Adam Smith, the central teaching of economics has been that free markets provide us with material well-being, as if by an invisible hand. In Phishing for Phools, Nobel Prize-winning economists George Akerlof and Robert Shiller deliver a fundamental challenge to this insight, arguing that markets harm as well as help us. As long as there is profit to be made, sellers will systematically exploit our psychological weaknesses and our ignorance through manipulation and deception.
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Useful for a certain audience, but ...
- By Philo on 02-29-16
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How the Other Half Banks
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The United States has two separate banking systems today - one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities - all thanks to deregulation that began in the 1970s.
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The Borrowers at the Fringe
- By Darwin8u on 09-13-16
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How Asia Works
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In How Asia Works, Joe Studwell distills extensive research into the economics of nine countries - Japan, South Korea, Taiwan, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and China - into an accessible narrative that debunks Western misconceptions, shows what really happened in Asia and why, and for once makes clear why some countries have boomed while others have languished.
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The best economic development book I’ve ever seen
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Economics for the Common Good
- By: Jean Tirole, Steven Rendell - translator
- Narrated by: Jonathan Davis
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When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics, far from being a "dismal science," is a positive force for the common good.
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A Great Overview of the Challenges of Modern Econ
- By Zach Sullivan on 08-06-18
By: Jean Tirole, and others
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What listeners say about The Myth of Capitalism
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- Eric Baird
- 05-29-19
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
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6 people found this helpful
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- C. Armstrong
- 06-21-19
Fills in the gaps where Milton Friedman leaves off
This book could easily be titled "The legal tactics big businesses use to make themselves harder to compete with in a free enterprise market." That said, this is an eye-opening and thought provoking book, featuring large amounts of research findings that are shared in a way that is not overly pretentious. This book fills in the gaps where Milton Friedman & the Chicago School's economic theories leave off. Many folks can feel there is a problem with the system today, with prices, inflation, and cost of living on the up and up, all the while inequality continues to rise. Friedman's teachings about entrepreneurial freedom and the power of the free market to regulate itself through competition are powerful, but Tepper argues this is only possible to the extent where there is a fair playing field. He makes the case for what he terms is a "distorted version of capitalism" which serves to perpetuate monopolies, duopolies, and oligopolies.
Half of the book seems focused on Big Tech, which is great because it's a field I knew little about going into this read. The narrator was also very easy to listen to, making a very dense subject matter much more interesting.
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4 people found this helpful
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- Fear and Loathing DC
- 05-30-20
Easy to recommend
Overall, its a great book. Understand that it tries to cover a lot of ground in a very short amount of space. The early chapters operate as a sort of primer on antitrust issues for the uninitiated, and middle of the book on does an extremely broad sweep of specific sectors, critiques and solutions. The choice to go broad means any one of these topics is shallow and where you're familiar with them you'll find yourself either filling in arguments yourself or poking holes, but I think it's enough for the purpose and there is a ton of strong arguments being made about why this isnt sector specific but a massive societal problem that's bigger than you think. Their proposals also dont come with much in the way of deep explanation. All these critiques being aired, the book reads quickly and was enjoyable, points out and makes arguments for maybe the most critical issues facing us right now and will give you plenty to think about. Easy to recommend, perhaps the best book for non-antitrust attorneys, and attorneys alike.
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3 people found this helpful
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- Torrance Abell
- 09-08-19
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.
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3 people found this helpful
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- Amazon Customer
- 03-05-21
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.
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- JLP
- 08-21-19
Interesting but too repetitive
This is an interesting and scary book, but the author’s repetitiveness is annoying. His editor should have caught this and made changes.
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- bodunrin harrison
- 04-18-21
very good and will recommend to my friends.
The audio is very very good love and enjoy every minuite of it .lm giong to buy some for my class
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- Tristan
- 11-27-20
Possibly the most important book I have read.
I hope this book is widely read. So many people sense something is wrong with how the economy works today, but they often misdiagnose the problems, leading to counter-productive policy and populist election outcomes. This book makes a convincing case that people should be angry, first and foremost, at market concentration and anti-competitive behaviour, which leads to stagnant wages, inequality, corporate indifference to public anger, and many, many other problems. The book ends with clear, concise recommendations for how to fix the problem.
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- jerome m.
- 06-25-19
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?
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- Ella E.
- 03-19-24
Informative and highly relevant
Don’t enter the workforce before reading this book. Understand the workings of corporations, protect your self interests and future.
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