Jonathan Tepper, Columnist

Competition Is Dying, and Taking Capitalism With It

We need a revolution to cast off monopolies and restore entrepreneurial freedom. First of two excerpts from “The Myth of Capitalism.”

November 25, 2018 at 4:00 PM EST

Corrected

December 3, 2018 at 3:00 PM EST

By Jonathan Tepper

Jonathan Tepper, a founder of Variant Perception, a research group for asset managers, is the author, most recently, of "The Myth of Capitalism: Monopolies and the Death of Competition," with Denise Hearn.

Just take the airlines, for example.
Photographer: David McNew/Getty Images

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE

This article is for subscribers only.

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: “Oh, my god!” “No! This is wrong.” “Look at what you did to him.” No one could believe what they were seeing. In the video he could be seen bleeding from the mouth as police dragged him down the aisle. The video quickly went viral.

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE