The Myth Of Capitalism PDF Free Download

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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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What is capitalism pdf
  1. The Myth of Capitalism.: 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.
  2. PDF Download The Myth of Capitalism: Monopolies and the Death of Competition EPUB 'The Myth of Capitalism: Monopolies and the Death of Competition 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.

Introduction xiii

Myth

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.

Pdf

Chapter One: Where Buffett and Silicon Valley Billionaires Agree 1

Chapter Two: Dividing Up the Turf 21

Chapter Three: What Monopolies and King Kong Have in Common 35

Chapter Four: Squeezing the Worker 63

Chapter Five: Silicon Valley Throws Some Shade 87

Chapter Six: Toll Roads and Robber Barons 111

The Myth Of Capitalism PDF Free Download Adobe Reader

Chapter Seven: What Trusts and Nazis Had in Common 137

Chapter Eight: Regulation and Chemotherapy 167

The

Chapter Nine: Morganizing America 195

Chapter Ten: The Missing Piece of the Puzzle 211

Conclusion: Economic and Political Freedom 233

Notes 249

Acknowledgments 283

About the Authors 285

The Myth Of Capitalism PDF Free Download Adobe Reader For Windows 10

Index 287

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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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Edited December 24, 2018
This is a story that’s crying to be told.
For three important reasons, this is not the book that tells it.
First, 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. Seriously!
Second, 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 (chewing gum, 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 repeal.
But 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 nice.
So 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 is “corporate equity withdrawal” and it’s all explained between pages 404 and 576, where he sets up the threefold source of our problem, namely:
1. The tax deductibility of the cost of servicing debt
2. The lower tax rate on passive income
3. The Fed ‘s “dual mandate” having been hijacked to protect risky asset holders via low rates
Credit 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 toward both distributions and toward monopoly-creating mergers, and away from investment in people, R&D, plant and equipment.
At 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 pan.)
Meantime, 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 more copies of this book for your friends.”
“So what’s with the three stars, then, Athan?”
Big points for daring to criticize the big tech behemoths, nobody dares do that anymore!