Show Notes
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The Myth of Capitalism: Monopolies and the Death of Competition is a nonfiction economics and policy book by Jonathan Tepper and Denise Hearn that examines why modern American capitalism often fails to deliver genuine competition. Rather than treating the market as naturally self-correcting, the book argues that many industries have become highly concentrated, giving a small number of firms outsized control over prices, entry barriers, wages, and consumer choice. The authors connect this concentration to rising inequality, weaker innovation, and growing political influence by large corporations. Using accessible explanation, data, and broad system-level thinking, the book makes the case that capitalism without competition is not true capitalism. Its purpose is both diagnostic and reformist, showing how monopolistic structures are created and why restoring competitive markets matters for consumers, workers, investors, and democratic institutions.