The Myth of Capitalism: Monopolies and the Death of Competition
- 9h 53m 3s
- Denise Hearn, Jonathan Tepper
- Gildan Media
- 2019
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.
In this Audiobook
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Chapter One - Where Buffett and Silicon Valley Billionaires Agree
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Chapter Two - Dividing Up the Turf
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Chapter Three - What Monopolies and King Kong Have in Common
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Chapter Four - Squeezing the Worker
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Chapter Five - Silicon Valley Throws Some Shade
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Chapter Six - Toll Roads and Robber Barons
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Chapter Seven - What Trusts and Nazis Had in Common
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Chapter Eight - Regulation and Chemotherapy
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Chapter Nine - Morganizing America
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Chapter Ten - The Missing Piece of the Puzzle
