About this item
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.
About the Author
Jonathan Tepper is the co-author of the NY Times bestseller Endgame: The End of the Debt Supercycle, a book on the sovereign debt crisis. Jonathan is the Chief Editor of Variant Perception, a macroeconomic research group that caters to asset managers. Jonathan is a Rhodes Scholar. Since leaving Oxford, Jonathan has worked as an equity analyst at SAC Capital and as a Vice President in proprietary trading at Bank of America. Jonathan is a founder of Demotix, a citizen-journalism website and photo agency that takes photographs from freelance journalists and amateurs and markets them to the mainstream media. Demotix was sold to Corbis, a Bill Gates owned company. He has worked at Hinde Capital as an analyst and fund manager.
Jonathan earned a BA with Highest Honors in Economics (his honors thesis was on optimal currency area theory and the symmetry of economic shocks to the labor market in Europe) and History from the University of North Carolina at Chapel Hill, and a M.Litt. in Modern History from Oxford University.
