Denise Hearn discussed her book, The Myth of Capitalism: Monopolies and the Death of Competition, at MOI Global’s Meet-the-Author Summer Forum 2019. Denise is Founder of Denise Hearn LLC.
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About the book:
The Myth of Capitalism tells the story of how America has gone from an open, competitive marketplace to an economy where a few very powerful companies dominate key industries that affect our daily lives. Digital monopolies like Google, Facebook and Amazon act as gatekeepers to the digital world. Amazon is capturing almost all online shopping dollars. We have the illusion of choice, but for most critical decisions, we have only one or two companies, when it comes to high speed Internet, health insurance, medical care, mortgage title insurance, social networks, Internet searches, or even consumer goods like toothpaste. Every day, the average American transfers a little of their pay check to monopolists and oligopolists. The solution is vigorous anti-trust enforcement to return America to a period where competition created higher economic growth, more jobs, higher wages and a level playing field for all. The Myth of Capitalism is the story of industrial concentration, but it matters to everyone, because the stakes could not be higher. It tackles the big questions of: why is the US becoming a more unequal society, why is economic growth anemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why are workers losing out.
About the author:
Denise has been on a journey since age 15 to understand what it means to use money for good, and how best to create systems and communities that serve human flourishing. She has catalyzed meaningful projects across diverse fields: investment strategy, education, technology, social impact and the sharing economy.
She recently co-authored The Myth of Capitalism: Monopolies and the Death of Competition — named one of the Financial Times’ Best Books of 2018 and endorsed by two Nobel Prize winners. Denise has presented to over 50,000 people at venues including: the Oxford Union, Bloomberg, a Canadian Parliamentary Standing Committee, and the Hong Kong Foreign Correspondents’ Club.
Most recently, she was Head of Business Development at Variant Perception — a global macroeconomic research and investment strategy firm that caters to the world’s top hedge funds and family offices. Denise has an MBA from the Oxford Saïd Business School, where she co-chaired the Social Impact Oxford Business Network, and a BA in International Studies from Baylor University.
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