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Capitalism and the American Dream Are a Myth, According to Denise Hearn | Op-Ed | NowThis

‘Capitalism without competition is not capitalism.’ — The hidden reason economic inequality is on the rise is right in front our noses. » Subscribe to NowThis: http://go.nowth.is/News_Subscribe Denise Hearn is the co-author of 'The Myth of Capitalism.' The financial expert explains in this new video op-ed how capitalism and the American dream is largely a myth. Additionally, inequality in America is on the rise as mega corporations take over the economy. 'Competition is dying in America,' Hearn argues, 'And capitalism without competition is not capitalism.' Hearn goes on to explain that it's happening across industries and it's resulting in the appearance of choice, but in reality there are only one or two options. This is called industry concentration and it leads to higher prices. Hearn points to President Reagan's deregulations which allowed companies to merge and combine at unprecedented rates. Hearn says, 'If you're wondering why inequality is so high, the wealthy own the toll roads of American life and everyone else must pay to use them.' #Capitalism #Finance #Inequality #Economy Connect with NowThis » Like us on Facebook: http://go.nowth.is/News_Facebook » Tweet us on Twitter: http://go.nowth.is/News_Twitter » Follow us on Instagram: http://go.nowth.is/News_Instagram » Find us on Snapchat Discover: http://go.nowth.is/News_Snapchat NowThis is your premier news outlet providing you with all the videos you need to stay up to date on all the latest in trending news. From entertainment to politics, to viral videos and breaking news stories, we’re delivering all you need to know straight to your social feeds. We live where you live.    / nowthisnews   @nowthisnews