The Myth of Capitalism: Monopolies and the Death of Competition - Jonathan Tepper , Denise Hearn Audiobook
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Read by Pamela Almand
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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.
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| Creation Date: | Sat, 30 Sep 2023 17:26:34 +0200 |
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This post has 9 comments with rating of 1/5
September 30th, 2023
Monopolies can’t exist for long without government help. That’s why Facebook and Google support government oversight - startups can’t afford the army of lawyers need to comply.
September 30th, 2023
Poppycock! Monopolies remain because they can buy power. If you separated wealth from political influence you would actually have a capitalism that truly reflected the market.
September 30th, 2023
Monopolies have to buy power from governments because those governments would otherwise be a threat to them. Remove all government restrictions and the corporation who owns the river (or equivalent monopolisable resource) has control over everyone who needs access to it to survive. Company towns become company cities and states, and the old government has now been replaced with a new one, holding no deference to citizen wants and needs the way the old one at least nominally did.
September 30th, 2023
without capitalism we don’t stand a chance with raises etc… when you have a company with lower taxes because of tax breaks they hire more people. why6 because more people spend money.. more money spent more workers more taxes paid.. common sense.. with out capitalism you have the elite and the poor. its call communism. the wealth who have money to eat and the poor who beg and steal.
September 30th, 2023
@SarahCon You are brainwashed and $tup!d. Yes, individuals business owners can hire more people or give someone a raise, but they do so, when and as needed. Not because they get a ‘tax break’. Not because they believe in “capitalism”. And that’s not even the preferred thing they do with those money. Businessman couldn’t give a rat ass about what ideologue say they should or shouldn’t do. If they want to invest, they never needed a tax break to do so. What you pretend is “common sense” isn’t what actually happens in capitalism. That is why you end up with some many major companies and corporation having stock buybacks, paying pittance to workers.
Business has existed long before Adam Smith and his likes put pen to paper of what they thinks is the ideal “capitalist”. You think they are going to change the way they behave just because some academic say so?
That is why soon after the industrial revolution people started thinking of transcending capitalism, including but not remotely limited to Marx. Because anyone with an ounce of sense can see the problem with capitalism.
September 30th, 2023
@howlafist Precisely, governmental power do not disappear into vacuum simply because one removes government intervention. It’s just means the power goes to the private entities which have no obligations of any kind to masses other then the whims of their individual owners. There’s is in practice no different from feudalism, merely different ‘battles’ are fought for property owner.
Democracy rise in order to redistribute power from the very very few, to include more and more people. A democratic government is suppose to be the conduit of the people that elected them. That is why the super wealthy spend so much money, buying themselves media empires to gaslight people into thinking their own conduit is to be suspect, while the wealthy themselves buy in. Government is like a muscle, use it or loose it.
October 1st, 2023
I think people somehow keep mixing up Capitalism and Corporatism
October 29th, 2023
Tax monopoly, not labour and true capital - Economists have been telling us this from Adam Smith. But monopoly has captured the political system.
January 10th, 2024
I knew Wiley published books for “dummies” but I assumed they attempted to educate. I was sadly mistaken
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