Member Reviews

A passionate and thought-provoking critique of America's monopolistic economic system. Progressives will find Teachout's book engaging and interesting, and also much to agree with. Anyone who recognizes that the current economic reality is broken and doesn't serve the many while privileging a shrinking, powerful few, will find something of value in this book.

Recommended.

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I think this book relates to so much going on in the country (and possibly world) right now and is important for any American to read. It helps clarify how we got to the current state of affairs in the US and helps lay out a path to get out.

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When Adam Smith wrote his seminal work "The wealth of nation', economics were simple, local. His paradigms seemed to live forever and economic growth limitless. Fast forward, about 240 years, and we feel we are nearing a singularity.

This is essentially the them of the book. Over the course of 12 very enlightening chapters, Zephyr describes how the ever going competition generates ever fewer and stronger winners, which hold so much power that the invisible hand is now visible everywhere. Capitalism in its purest form is not working anymore, and markets hit a ceiling. We can no longer grow our economies limitless, and the question is what kind of rules and regulations shall society embrace to make capitalism great gain.

The book is not just a battling cry, it provides some ideas and suggestions to think at embrace. A book certainly recommended for the upcoming election season.

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