Show Notes
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#marketconcentration #antitrustenforcement #regulatorycapture #monopolypower #economicinequality #TheMythofCapitalism
The Myth of Capitalism: Monopolies and the Death of Competition is a nonfiction economics and policy book by Jonathan Tepper and Denise Hearn. It examines how the modern United States economy, while still described as capitalist, has become increasingly dominated by concentrated corporate power in many sectors. The book argues that capitalism depends on real competition, but that mergers, market concentration, regulatory capture, and weak antitrust enforcement have allowed monopolies, duopolies, and oligopolies to reduce choice and raise the costs of economic life. Rather than treating monopoly power as a narrow business issue, the authors present it as a broad social and political problem that affects workers, consumers, entrepreneurs, and democratic institutions. The purpose of the book is both diagnostic and corrective: it explains why competition has eroded and outlines why restoring it matters for a healthier and more equitable economy.