Cover image for The myth of capitalism : monopolies and the death of competition
Title:
The myth of capitalism : monopolies and the death of competition
ISBN:
9781119548195
Personal Author:
Publication Information:
Hoboken, New Jersey : John Wiley & Sons, Inc., [2019]
Physical Description:
xx, 300 pages : illustrations ; 24 cm
Contents:
Introduction -- Where Buffett and Silicon Valley billionaires agree -- Dividing up the turf -- What monopolies and King Kong have in common -- Squeezing the worker -- Silicon Valley throws some shade -- Toll roads and robber barons -- What trusts and Nazis had in common -- Regulation and chemotherapy -- Morganizing America -- The missing piece of the puzzle -- Conclusion : economic and political freedom.
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 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"--Goodreads.com.
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Book 330.973 Teppe
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Book 330.973 Teppe
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Summary

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 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.


Author Notes

Jonathan Tepper is the co-author of Endgame , a book on the sovereign debt crisis, and Code Red, a book on unconventional monetary policy after the financial crisis. Jonathan is a Rhodes scholar and has worked as a hedge fund analyst and trader. He is founder of Variant Perception, a macroeconomic research group that caters to hedge funds, banks and family offices.

Denise Hearn is Head of Business Development at Variant Perception--a global macroeconomic research and investment strategy firm. She has managed a variety of projects on impact investing and sharing economies.


Table of Contents

Introductionp. xiii
Chapter 1 Where Buffett and Silicon Valley Billionaires Agreep. 1
Chapter 2 Dividing Up the Turfp. 21
Chapter 3 What Monopolies and King Kong Have in Commonp. 35
Chapter 4 Squeezing the Workerp. 63
Chapter 5 Silicon Valley Throws Some Shadep. 87
Chapter 6 Toll Roads and Robber Baronsp. 111
Chapter 7 What Trusts and Nazis Had in Commonp. 137
Chapter 8 Regulation and Chemotherapyp. 167
Chapter 9 Morganizing Americap. 195
Chapter 10 The Missing Piece of the Puzzlep. 211
Conclusion: Economic and Political Freedomp. 233
Notesp. 249
Acknowledgmentsp. 283
About the Authorsp. 285
Indexp. 287