The Myth of Capitalism

The Myth of Capitalism
Author: Jonathan Tepper
Publisher: John Wiley & Sons
Total Pages: 349
Release: 2023-04-25
Genre: Business & Economics
ISBN: 1394184069

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. 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 is the US becoming a more unequal society, why is economic growth anemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why are workers losing out.

Economic Concentration; Structure, Behavior and Public Policy

Economic Concentration; Structure, Behavior and Public Policy
Author: John Malcolm Blair
Publisher: New York : Harcourt Brace Jovanovich
Total Pages: 776
Release: 1972
Genre: Business & Economics
ISBN: 9780155187818

As a veteran of both the Bureau of Economics of the Federal Trade Commission and the Senate Subcommittee on Antitrust and Monopoly during the 1960s, author Blair is an advocate. His advocacy of his position is clear, concise, and understandable: he favors strong antitrust laws and the stricter application of those laws to existing corporate structures, and this is his argument. First, it defines and discusses four types of economic concentration-market, vertical, conglomerate, and aggregate. Second, high concentration (as opposed to diffusion of control) is shown to be neither the necessary nor the "natural" state of the economy because "centrifugal" forces (eventual diseconomies of scale, growth, and technological change) constantly are chipping away at dominance and ossification. Third, it argues that the primary causes of high and rising concentration of various kinds are neither natural nor technological imperatives (economies of scale, technological change): rather, they are artificial and unnecessary "centripetal" factors, the most important being mergers, acquisitions, TV advertising, predation, and anticompetitive government policies of various kinds. The result, therefore, is a work rich in empirical information and skillful in interpreting and verifying new data and statistical approaches; moreover, it integrates a substantial quantity of data never attempted in this area in the past. In this sense it is an excellent contribution. No topic considered has been shortchanged, the treatment is competent. But the effort to cover the entire waterfront leaves several urgent questions: What can be done and where? How may we attempt new approaches to our subject? How may we first better convince the general public and Congress that, indeed, a strong antitrust policy is desirable?

Investigation of Concentration of Economic Power

Investigation of Concentration of Economic Power
Author: United States. Congress. House. Temporary National Economic Committee
Publisher:
Total Pages: 278
Release: 1939
Genre: Antitrust investigations
ISBN:

Continuation of investigation of economic concentration in industry and commerce; pt.5A: Contains FTC report on industry monopolistic practices; pt.15A Contains report on marketing practices in the retail distribution of motor fuel and motor lubricant products; pt.17A: Contains replies of oil companies to the committee questionnaire on financial data and related topics.

The Great Reversal

The Great Reversal
Author: Thomas Philippon
Publisher: Belknap Press
Total Pages: 361
Release: 2019
Genre: Business & Economics
ISBN: 0674237544

American markets, once a model for the world, are giving up on competition. Thomas Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by investing and innovating, powerful firms use political pressure to secure their advantages. The result is less efficient markets, leading to higher prices and lower wages.

Economic Concentration

Economic Concentration
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly
Publisher:
Total Pages: 798
Release: 1964
Genre: Big business
ISBN:

Power Concentration in World Politics

Power Concentration in World Politics
Author: William R. Thompson
Publisher: Springer Nature
Total Pages: 245
Release: 2020-06-10
Genre: Political Science
ISBN: 3030474224

This book discusses the role of space, time and cyclical behavior in world politics. More specifically, the political-economic role of lead economies – the world’s most innovative economies for finite periods of time – in world politics. These represent unusual concentrations of new technologies, energy sources, and military capabilities of global reach that play disproportional roles in the conduct of international affairs and the provision of limited governance at the most macro level. They also possess close links to economic growth and intense conflict. The book describes the economic, military and political processes behind the systemic leadership of a state at the international level. It also highlights the economic preconditions of systemic leadership, such as economic monopoly of new technologies and energy, which underlie the system leader’s material advantage over others. Analyzing lead economies and the evolution of power over a number of centuries, the author demonstrates how disruptions wrought by the emergence of new technologies and energy sources are partly responsible for global conflicts. This book appeals to international relations scholars as well as anyone interested in the political economy of systemic leadership, growth, and conflict in world politics.