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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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The Myth of Capitalism
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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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Overall4 out of 5 stars
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- T S
- 06-10-19
Interesting points
Overall a thought-provoking look at the current socioeconomic issues of our time, although very USA-centric. Clearly has disdained for left-wing issues, could perhaps benefit from considering them in more depth- their points betray an ignorance of what was actually theorised given their reliance on typical generalisations in US politics.
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Overall5 out of 5 stars
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- Josephine Kaluba
- 10-04-24
Surprising and informative
A powerful book that not only talks about economic problems but also offers solutions based on historical evidence. Among other things, I’ve learnt that passiveness in protecting peoples rights to compete economically has driven income inequality and resulted in concentration of power in the hands of a few. You will find the ideas in this book will appeal to both conservatives who value capitalism and liberals who care about socioeconomic issues.
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Overall5 out of 5 stars
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- O. Buraimoh
- 21-07-19
Well researched
Amazingly well researched, highly engaging and interesting listen. The way they tore apart the Thomas Piketty book made me laugh out loud.
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2 people found this helpful
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Overall5 out of 5 stars
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- Anonymous User
- 19-12-22
I'd recommend this book for all levels
Great analysis without political bias on why capitalism isn't working the way it's supposed to. I particularly liked that they end the book with some real life measures we could be taking get inequality back to reasonable levels. This book is suitable for people who are new to economics / finance, but it also has something to offer for people who are more adept.
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2 people found this helpful
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Overall5 out of 5 stars
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- Robert
- 30-03-24
everything
wow big eye opener, everyone needs to wake up and look how the big player are abusing us in every industry and price just keep going up.
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