This is trend following radio where great thinking comes alive.

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covel.

Not filtered, raw, honest.

That's my passion.

I want to read a little bit of an excerpt.

I'm not going to name my guest today just yet.

That's coming in a second. But consider this. My guest today, along with his co-author, have written an impressive and important book documenting via their own research and that of many scholars the very substantial increase in concentration on the supply side of

U.S. industry, leading to a decline in competition and a substantial shift in market and

political power away from consumers and labor and toward the owners of capital.

That's a big statement.

The title of the book, The Myth of Capitalism, Monopolis and the Death of Competition.

Nothing like a little provocation for the day.

Just a little provocation, the myth of capitalism, monopolies and the death of competition.

My guest today is Jonathan Tepper.

This is his work. What a great read. A hell of a lot of research. A hell of a lot of detail. And it's essential food for thought for all of us.

Because let's face it, if just a few guys and gals own everything and it's 100% monopoly power

and ultimately monopoly pricing, we're all screwed.

There's no ifs, ends, or butts about that.

So let's get right into the conversation with Jonathan Tepper and dive into something that's bound to make a good many people across this world a little nervous, a little sweaty, the myth of capitalism.

I hope you enjoy this conversation with Jonathan Tepper.

So Jonathan, I'm thinking to myself, I'm taking my personal being back to the mid-1990s, and I'm thinking,

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