The Myth of Capitalism kindle ã Monopolies and the Death of Competition Õ goproled

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The Myth of Capitalism kindle ã Monopolies and the Death of Competition Õ goproled ó ❰BOOKS❯ ✪ The Myth of Capitalism: Monopolies and the Death of Competition Author Jonathan Tepper – The Myth of Capitalism tells the story of how America has goneKe 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 growthjobs higher wages and a level playing field for a This is one of the very best books written on the current state of the Capitalistic model I have ever read Extremely readable even for the layman and very well organized It can be read in a few days This book gets at the essence of free market capitalism; to succeed the markets must be free There must be no monopoly or monopsony power of corporations to set pricing for product and labor in a manner that destroys all competition The book describes how we got to the point of declining corporate formation rising profits rising corporate executive compensation and rising prices for the consumer and declining wages for the employee As Adam Smith said the free hand of competition works best for society when there is actual competition The authors don't stop at pointing out the problems but provide clear policy recommendations to fix our broken structure Great book Very timely

Jonathan Tepper µ The Myth of Capitalism: Monopolies and the Death of Competition ebook

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 andact as gatekeepers to the digital worldis cap This is a story that’s crying to be toldFor three important reasons this is not the book that tells itFirst it’s poorly written no editor’s been within a mile of it; the authors repeat entire paragraphs verbatim example second paragraph of p 98 and first paragraph of p 118 If that is because they’ve strung together a bunch of articles they wrote earlier they have a duty to tell us that upfront and a duty to do some editing so I don’t read about the airlines six times SeriouslySecond anything I know intimately that’s covered in here is sloppy Gensler gets thrown under the bus chart p 190 as an ex Goldman guy when he did stellar work at the CFTC The coverage of Germany in the thirties would make Adam Tooze freak out And some of the biggest total monopolies such as chewing gum and styrofoam cups go unmentioned How can I trust the bits I’m learning about for the first time?Third monopoly does not happen just like that While I agree wholeheartedly with the authors that market power is 100% what elected Trump even if his voters don’t realize it and therefore that monopoly and oligopoly are the biggest enemy of our polity the author does not seem to understand that specific laws made it possible and therefore those are the laws we need to repealBut perhaps that’s the problem When they’re not writing books the authors wait for it advise hedge funds Unlikely then that they’d mention dunno the carried interest exemption eh? So they don’t Their list of things to fix is almost as pathetic as their fixation with economics and economists At least they don’t blame the Russians that’s niceSo I’m very sad to report that this isn’t the book I was hoping it would be In the meantime I can re read Barry Lynn’s “Cornered” which at least motivates the problem much better from a political standpoint and of course I can re read the absolute daddy of angry unreadable unedited books the one and thank God only “Great Deformation” where between paeans to Eisenhower and a scarily misguided indictment of government David Stockman forensically lays out the tools he used when he attempted to create his own private car parts monopoly prior to the 2008 crisis He calls it “corporate euity withdrawal” and it’s all explained between pages 404 and 576 where he sets up the threefold source of our problem namely1 The tax deductibility of the cost of servicing debt2 The lower tax rate on passive income3 The Fed ‘s “dual mandate” having been hijacked to protect risky asset holders via low ratesCredit where credit is due the authors of “The Myth of Capitalism” do add to this actually the fact that three indexers essentially control the board on all listed US entities certainly must tilt the playing field both toward distributions and toward monopoly creating mergers and away from investment in people R&D plant and euipmentAt least three of these four things are different now than they were forty years ago and that’s what we need to break By the time you’re breaking monopolies it’s far too late It’s as futile as the taxes Piketty proposes and the authors correctly panMeantime I’m still waiting for a sober non repeating thorough book that deals with the issues in a level headed methodical analytical way and proposes real solutions as opposed to “buy copies of this book for your friends”“So what’s with the three stars then Athan?”Big points for daring to criticise the big tech behemoths nobody dares do that any

kindle ↠ Monopolies and the Death of Competition µ Jonathan Tepper

The Myth of Capitalism Monopolies and the Death of CompetitionTuring 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 li For the longest time I have felt that there was something not uite right with politics and the economy but have never really been able to put my finger on why I feel this way Mr Tepper and Ms Hearn clearly articulate what may be the number one problem with politics and the economy today monopoly capitalism I have to admit that in the past whenever I heard the phrases anti trust monopoly or regulatory capture my eyes would glaze over and I would assume that it pertained to some legal mumbo jumbo that had no direct impact on me This book shows how incredibly wrong and dangerous that assumption was The authors manage to convey what appears to be a complex and difficult topic in a way that makes it a pleasure to read I cannot recommend this book enough