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The Myth Of Capitalism (w/ Jonathan Tepper) | Expert View | Real Vision™

Summary:
Jonathon Tepper explains why wages are low and why there is no innovation in Western capitalism. He says that everything  has become concentrated into monopolies and making money through rents is easy, which he says is a kind of tax. yesWhen it gets down to just four companies competing with each other they start to become monopolies, he adds. He says that not every monopoly works against the public interest, but most do. He predicts the pendulum will now start to swing the other way and the monopolies will be broken up, but it will take time. [embedded content] Jonathan Tepper of Variant Perception was perplexed by the lack of U.S. wage growth and the breakdown of long standing relationships with other economic indicators. Digging deeper, he found that the odds were stacked against the

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Jonathon Tepper explains why wages are low and why there is no innovation in Western capitalism. He says that everything  has become concentrated into monopolies and making money through rents is easy, which he says is a kind of tax. yes

When it gets down to just four companies competing with each other they start to become monopolies, he adds. He says that not every monopoly works against the public interest, but most do. He predicts the pendulum will now start to swing the other way and the monopolies will be broken up, but it will take time.


Jonathan Tepper of Variant Perception was perplexed by the lack of U.S. wage growth and the breakdown of long standing relationships with other economic indicators. Digging deeper, he found that the odds were stacked against the employees, consumers and suppliers by the rise of industrial concentration. This was a trend that provided a clear investment opportunity. To compliment the video, Variant Perception has given Real Vision subscribers access to a special report at http://www.variantperception.com/real.... Filmed on March 23, 2018 in London.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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