
The Myth of Capitalism
Monopolies and the Death of Competition
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Narrated by:
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Pamela Almand
About this listen
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 paycheck 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 the US is becoming a more unequal society, why economic growth is anemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why workers are losing out.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
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Listen for Nixon's Sake
- By Tricia on 10-26-22
By: Alan S. Blinder
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Capitalism Without Capital
- The Rise of the Intangible Economy
- By: Jonathan Haskel, Stian Westlake
- Narrated by: Derek Perkins
- Length: 8 hrs and 56 mins
- Unabridged
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Early in the 21st century, a quiet revolution occurred. For the first time, the major developed economies began to invest more in intangible assets, like design, branding, R&D, or software, than in tangible assets, like machinery, buildings, and computers. For all sorts of businesses, from tech firms and pharma companies to coffee shops and gyms, the ability to deploy assets that one can neither see nor touch is increasingly the main source of long-term success.
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Fascinating topic
- By GSS on 03-08-18
By: Jonathan Haskel, and others
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The Mystery of Capital
- Why Capitalism Triumphs in the West and Fails Everywhere Else
- By: Hernando de Soto
- Narrated by: Bob Souer
- Length: 6 hrs and 52 mins
- Unabridged
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"The hour of capitalism's greatest triumph," writes Hernando de Soto, "is, in the eyes of four-fifths of humanity, its hour of crisis." In The Mystery of Capital, the world-famous Peruvian economist takes up one of the most pressing questions the world faces today: Why do some countries succeed at capitalism while others fail?
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Good global perspective on Capitalism
- By Nellie boi on 05-29-21
By: Hernando de Soto
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An Empire of Wealth
- The Epic History of American Economic Power
- By: John Steele Gordon
- Narrated by: Bob Souer
- Length: 14 hrs and 24 mins
- Unabridged
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Throughout time, from ancient Rome to modern Britain, the great empires built and maintained their domination through force of arms and political power. But not the United States. America has dominated the world in a new, peaceful, and pervasive way - through the continued creation of staggering wealth. In this authoritative, engrossing history, John Steele Gordon captures as never before the true source of our nation's global influence: wealth and the capacity to create more of it.
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KNOW YOUR HISTORY!
- By CP Guy on 12-22-20
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A Brief History of Everyone Who Ever Lived
- The Human Story Retold Through Our Genes
- By: Adam Rutherford
- Narrated by: Adam Rutherford
- Length: 12 hrs and 13 mins
- Unabridged
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In our unique genomes, every one of us carries the story of our species - births, deaths, disease, war, famine, migration, and a lot of sex. But those stories have always been locked away - until now. Who are our ancestors? Where did they come from? Geneticists have suddenly become historians, and the hard evidence in our DNA has completely upended what we thought we knew about ourselves. Acclaimed science writer Adam Rutherford explains exactly how genomics is completely rewriting the human story - from 100,000 years ago to the present.
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I wish this book was in American high schools.
- By melody sheldon on 03-31-19
By: Adam Rutherford
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Vulture Capitalism
- Corporate Crimes, Backdoor Bailouts, and the Death of Freedom
- By: Grace Blakeley
- Narrated by: Grace Blakeley
- Length: 11 hrs and 45 mins
- Unabridged
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It’s easy to look at the state of the world around us and feel hopeless. We live in an era marked by war, climate crisis, political polarization, and acute inequality—and yet many of us feel powerless to do anything about these profound issues. We’ve been assured that unfettered capitalism is necessary to ensure our freedom and prosperity but why, in our age of unchecked corporate power, are most of us living paycheck to paycheck? When the economy falters, why do governments bail out corporations and shareholders but leave everyday people in the dust?
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Excellent coverage
- By Amazon Customer on 01-28-25
By: Grace Blakeley
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Old Money
- The Mythology of Wealth in America
- By: Nelson Aldrich
- Narrated by: Robin Bloodworth
- Length: 16 hrs and 34 mins
- Unabridged
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This insider's look at inherited wealth in the United States explores the complex meanings of money and success in American society with a new introduction that examines whether America's privileged class will be willing or able to play a leadership role in the twenty-first century.
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Nice Insights on Old Money Families
- By John P. on 03-19-21
By: Nelson Aldrich
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The Culture of Narcissism
- American Life in an Age of Diminishing Expectations
- By: Christopher Lasch
- Narrated by: Barry Press
- Length: 10 hrs and 45 mins
- Unabridged
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When The Culture of Narcissism was first published, it was clear that Christopher Lasch had identified something important: what was happening to American society in the wake of the decline of the family over the last century. The book quickly became a best seller.
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Analysis from the 1970's good bad and ugly.
- By Carl A. Gallozzi on 02-24-20
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The Dictator's Handbook
- Why Bad Behavior Is Almost Always Good Politics
- By: Bruce Bueno de Mesquita, Alastair Smith
- Narrated by: Dan Woren
- Length: 15 hrs and 38 mins
- Unabridged
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Bruce Bueno de Mesquita and Alastair Smith’s canonical book on political science turned conventional wisdom on its head. They started from a single assertion: leaders do whatever keeps them in power. They don’t care about the “national interest”—or even their subjects—unless they must. Newly updated to reflect the global rise of authoritarianism, this clever and accessible book illustrates how leaders amass and retain power. As Bueno de Mesquita and Smith show, democracy is essentially just a convenient fiction.
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Biased inserted compared to the original
- By Bob on 06-07-24
By: Bruce Bueno de Mesquita, and others
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What Went Wrong with Capitalism
- By: Ruchir Sharma
- Narrated by: Fajer Al-Kaisi
- Length: 9 hrs and 19 mins
- Unabridged
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Capitalism didn’t fail, it was ruined. What went wrong with capitalism? Ruchir Sharma’s account is not like any you will have heard before. He says progressives are right, in part, when they mock modern capitalism as “socialism for the rich.” For a century, governments have expanded in just about every measurable dimension, from spending to regulation and the scale of financial rescues when the economy wobbles. The result is expensive state guarantees for everyone—bailouts for the rich, entitlements for the middle class, welfare for the poor.
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Good points from the economic history of USA
- By Amazon Customer on 03-03-25
By: Ruchir Sharma
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Capitalism and Freedom, Fortieth Anniversary Edition
- By: Milton Friedman, Rose D. Friedman, Grover Gardner - prologue
- Narrated by: Michael Edwards
- Length: 7 hrs and 16 mins
- Unabridged
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How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of his immensely influential economic philosophy - one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom.
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A poor execution of a great book.
- By Mike S. on 01-25-18
By: Milton Friedman, and others
What listeners say about The Myth of Capitalism
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- Quinton Sanicola
- 12-12-23
If you love capitalism
If you want to know what’s really going on in America and truly want to fix the current state of things. This provides essential information about what’s really going on in the supposedly free market. The problem is in capitalism. The problem is they blatantly ignoring of the rules and laws which stifle Capitalism.
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- David
- 08-15-24
Great Read
This book will piss you off because it opens your eyes to multiple issues that are not being addressed
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1 person found this helpful
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- Gib Reynolds
- 12-16-23
Should Be A Must Listen
Unpacks capitalism and what we have the America very well. I think this should be a must listen regardless of political leanings.
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1 person found this helpful
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- Mark
- 12-20-21
The true issue of our time
Everyone should listen to and understand the premise of this book. Our country depends on it. It only re-enforced all the economic principles that I have been studying. My belief that both the right and left have it wrong and right.
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- Eric Baird
- 05-29-19
Read and then take action
Considering I bought this book through a company aquired by Amazon, I am guilty as charged. I've been a huge advocate for each and everyone of the companies now dominating todays market. For example I bought an Amazon shredder which was essentially knock off of a popular shredder made by an independent company advertising on Amazon. More concerning is the huge drop of internet start ups we are seeing in San Francisco. Its like the money has dried up. Bottom line is these companies are not bad. but any concentration of power is. This is a good sjort read with lots of information. Pass it along
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7 people found this helpful
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- Ivanhoe
- 02-06-21
Excellent analysis of a global problem
Tepper has made an excellent analysis of what is wrong with capitalistic system in the US of today. But the problem is not only there, it is a global problem. The sad thing is that politicians on both side of the aisle seem to be uninterested in taking actions towards their big corporate sponsors which in most cases are encumbents protecting monopolistic or near monopolistic market positions. One good example is the finance and banking industry where the regulators are issuing hundred thousand pages of Basel regulations which pratically make it impossible to start or run a small finance company or bank. The large institutions are just paying lip service to the critism of this overeagerness of heavy handed regulations knowing that for each new regulations implemented their dominant market positions get ever more unassailable. Who is paying the price for this effectice reduction of competition? You, dear consumer. The loss to consumers and society in general due overregulations will be many times the losses incurred by the financial crisis. Bear in mind that the US Treasurys investments in saving banks and finance companies were paid back with interest in 2014. The global corrision of competitive forces will cost tax payers and the common man many times the loss of output due the financial crisis. It is now more than 11 years since financial crisis ended and there does not seem to be any stop to the regulatory tsunami hitting e.g. the finance and banking sector.
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- Alice
- 06-25-23
Important book, a must listen
Unfortunately, the narration is very dry, basically computerized. There’s barely any attempt to match the written word’s tone or humor.
However, still an important and worthy listen.
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- Torrance Abell
- 09-08-19
Flawed, but still worth a read.
A lot of good insight. Author has no understanding of several industries like banking and some aspects of tech as it relates to consumers. It is almost as clueless as Warren. Rather political toward the end of the book, but on the whole, a worthwhile read.
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3 people found this helpful
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- Amazon Customer
- 03-05-21
Read this book before it is banned
This is one of the best books that I have ever read. It is balanced, objective and approachable. It mixes economics, history and sociology seamlessly. The order of the book couldn't be better. it explains the problems and then gives specific examples. the summary gives practical short term and long term solutions.
This book doesn't just point fingers and divide people. Individual responsibility and personal choices are included in explanations of cause and effect.
This book could save America by bringing the left and right together around common goals. The by-product of following the suggestions made in this book would be a fairer country where innovators are rewarded and small businesses thrive.
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2 people found this helpful
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- Amazon Customer
- 10-27-22
eye opening To current state of America
we need to vote in people that are going to enforce antitrust laws. as a wage earner we all are at a wealth disadvantage. we the people are paying for the greed of a few.
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