Sunday, January 6, 2019

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

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.

1 comment:

Andrew Anderson said...

He predicts the pendulum will now start to swing the other way and the monopolies will be broken up, but it will take time.

But what about cartels, such as the cartel of depository institutions,
i.e. "the banks", which alone in the private sector are allowed to use fiat*?

Or are cartels OK even though they too work against the general welfare?

*Except for mere coins and small denomination bills.