Summary:
Denise Hearn is the co-author of 'The Myth of Capitalism.' The financial expert explains in this new video op-ed how capitalism and the American dream is largely a myth. Additionally, inequality in America is on the rise as mega corporations take over the economy. 'Competition is dying in America,' Hearn argues, 'And capitalism without competition is not capitalism.' Hearn goes on to explain that it's happening across industries and it's resulting in the appearance of choice, but in reality there are only one or two options. This is called industry concentration and it leads to higher prices. Hearn points to President Reagan's deregulations which allowed companies to merge and combine at unprecedented rates. Hearn says, 'If you're wondering why inequality is so high, the wealthy own the
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Denise Hearn is the co-author of 'The Myth of Capitalism.' The financial expert explains in this new video op-ed how capitalism and the American dream is largely a myth. Denise Hearn is the co-author of 'The Myth of Capitalism.' The financial expert explains in this new video op-ed how capitalism and the American dream is largely a myth. Additionally, inequality in America is on the rise as mega corporations take over the economy. 'Competition is dying in America,' Hearn argues, 'And capitalism without competition is not capitalism.' Hearn goes on to explain that it's happening across industries and it's resulting in the appearance of choice, but in reality there are only one or two options. This is called industry concentration and it leads to higher prices. Hearn points to President Reagan's deregulations which allowed companies to merge and combine at unprecedented rates. Hearn says, 'If you're wondering why inequality is so high, the wealthy own the
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Building hope
New Economics Foundation writes Are oil and gas workers the coalminers of our generation?
Mike Norman writes Tariffs As A Fiscal Tool? — Brian Romanchuk
John Quiggin writes Trump’s dictatorship is a fait accompli
Additionally, inequality in America is on the rise as mega corporations take over the economy. 'Competition is dying in America,' Hearn argues, 'And capitalism without competition is not capitalism.' Hearn goes on to explain that it's happening across industries and it's resulting in the appearance of choice, but in reality there are only one or two options. This is called industry concentration and it leads to higher prices. Hearn points to President Reagan's deregulations which allowed companies to merge and combine at unprecedented rates. Hearn says, 'If you're wondering why inequality is so high, the wealthy own the toll roads of American life and everyone else must pay to use them.'