CONFRONTING THE TRUTH ABOUT CAPITALISM: BOOK REVIEW OF “THE MYTH OF CAPITALISM” BY JONATHAN TEPPER
Western capitalism evidently has become rotten, repulsive and deplorable. The system we now have is not capitalism, at least not the healthy form of capitalism which exists at the beginning of the economic system’s cycle. What we now have is the decaying carcass of the system that once existed in the West. Today, the top 1% of the population owns more than 50% of the total global wealth. This evidently is beginning of the end of the economic system’s cycle and end of capitalism as we know it. Jonathan Tepper, the author of The Myth of Capitalism: Monopolies and the Death of Competition (Wiley, 2019) has rightly diagnosed the problem to be solely related to monopolies.
The author exposes with evidence all that is wrong with the current system. He believes that monopolies are killin...