Wednesday, April 22, 2020

The Myth of Capitalism by Jonathan Tepper

This book’s full title is The Myth of Capitalism: Monopolies and the Death of Competition. This book was recommended by John Mauldin in a Thoughts from the Front Lines email. I agree we no longer have capitalism in a lot of ways.

Some companies, especially tech companies come to mind, have grown too big and too powerful. They allow no competition. However, this applies to a lot of other industries in the US. These are also big international companies. Examples of products of companies with large concentrations are for cell phones, cereals, toothpaste, internet providers. Results of this is reduced wages for workers and inequality.

As usual, Good Reads has a lot of good reviews of this book. The bad reviews criticize the editing and even though they agree with the premise they feel the book could be written better. A review by Yves Smith on Naked Capitalism that is rather critical of Tepper. And here is part of the review of this book by John Siman. James McRitchie on Corporate Governance does a review of this book.

Denise Hearn and Jonathan Tepper speaks via Town Hall Seattle. The panel discussion is especially interesting. Jonathan Tepper answers questions on Real Vision. Denise Hearn and Jonathan Tepper speaks in this very short video about their book The Myth of Capitalism.

An index of the books I have reviewed are on my website at Books. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter.

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