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The Myth of Capitalism

Monopolies and the Death of Competition
in: Economics
Summary:

The book argues that increasing corporate concentration and monopolistic practices have eroded competition in the American economy, leading to negative consequences for consumers, workers, and innovation. It examines how a few dominant companies in various industries have gained excessive power, influencing regulations and policies to their advantage, and proposes solutions to restore competitive markets.

Key points:

1. Power Concentration: Tepper says a few big companies dominate markets, hurting competition, innovation, and the economy.

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