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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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Publisher's 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.
What listeners say about The Myth of Capitalism
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Overall5 out of 5 stars
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- rohit
- 2023-03-05
great great book. must recommend
this work combines the socioeconomic and sociopolitical aspects of today's capitalism and how it degenerated from being the best available system to this unhinged power hungry monopolistic system of corporations, lobbyists and bureaucrats, whose primary aim seems to be squeezing the consumers and competitions as seen fit, competition being, new entrepreneurial startups or small businesses. this work provides very recent examples and stats from 2016 ranging to thoughts and texts of people like Will Durant, Adam Smith and ideologies of JD Rockefeller, JP Morgan, Warren Buffet and many more, providing references to many presidential ideaologies and their works. Great understanding of how politics and corporations influence each others and in it all suffers the average joe. this book doesn't seem politically biased, recommendations at the end show how a left or a right leaning person can understand the importance of not having corporate monopolies. I thoroughly enjoyed and was hooked. would definitely recommend.
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Overall5 out of 5 stars
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- Anonymous User
- 2022-12-17
Worth the time invested
This book is a good politically neutral look at the American economy and it provides a lot of points to consider. It’s well worth a read.
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Overall1 out of 5 stars
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Performance1 out of 5 stars
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- Andrew
- 2022-04-02
Seems like a very defeated mindset
Save your credit
if you want to learn how to give up and blame others success buy this book!
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