Bigger business with fewer owners cannot turn out well for consumers.
Industries are becoming highly concentrated in the hands of very few players, with little real competition. Capitalism without competition is not capitalism.
The following book excerpt is an adaptation of the introduction to “The Myth of Capitalism: Monopolies and the Death of Competition,” by Variant Perception‘s founder Jonathan Tepper and head of business development Denise Hearn. Cross-posted from Business Insider.
On April 9, 2017, police officers from Chicago’s O’Hare Airport removed Dr. David Dao from United Express Flight 3411.
The flight was overbooked, but he refused to give up his seat. He had patients to treat the next day. Fellow passengers recorded a video of him being dragged off the plane. You could hear gasps of disbelief from fellow passengers.
In the video he could be seen bleeding from the mouth as police dragged him down the aisle. The video quickly went viral. Eventually, the outrage was…
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