Jonathan Tepper

The Myth of Capitalism

1. IDEA 1

   Capitalism needs competition

   Tepper argues that real capitalism depends on competition among many firms. When a few companies dominate, markets stop working as they should. He writes as a believer in markets. His critique comes from inside.

2. IDEA 2

   Industries are concentrating

   Tepper shows how many American industries are now controlled by a handful of firms. Airlines, banks and other sectors have consolidated through mergers. Customers often have only a few choices left.

3. IDEA 3

   Technology giants dominate

   Tepper describes how a few technology companies control search, social media and online advertising. Their size gives them enormous power over markets and users. They can buy rivals before they become threats.

All 8 ideas from The Myth of Capitalism →