Episode 62 - Capitalism, Competition, and Wealth: A Conversation with Denise Hearn
Today's interview was done at a Tech2025 event where participants were asked to think about wealth and the present state of the US and Global economy. I spoke to Denise Hearn, author of "The Myth of Capitalism" about the trend towards Oligopoly and its causes.
Also included are discussions about the definition of capitalism, the definition of wealth, the price of a free good, regulatory capture, and the role of our monetary system in distorting the economy.
Articles, Books, and Clips Mentioned
Myth of Capitalism Book:
Jason Calacanis Tweet: Why People don’t get Wealthy
Matching Blog Post
Bernie sanders on deodorant choices
New EU Regulations on Copyright, and it’s effect on industry concentration in internet content distribution
Levenstein and Suslow finding: What Determines Cartel Success on the effect of interest rates on industry concentration
Free - the Future of a Radical Price - a book about the wave of free products that was published in 2009.
Billionaire Hedge Fund Manager warns a Revolution is Coming
Ray Dalio’s Linkedin Article
About Denise Hearn
Denise Hearn writes, presents, and consults on systems change for human flourishing. She is co-author of 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 throughout her career at venues including: the Oxford Union, Bloomberg, a Canadian Parliamentary Standing Committee, and group homes for foster children.
Most recently, Denise was Head of Business Development at Variant Perception - a global macroeconomic research and investment strategy firm that caters to hedge funds and family offices. She has also built new impact investment models in Canada, helped create the world’s first Trustmark for Sharing Economy companies in the UK, and was chosen to participate in the Alt/Now: Economic Inequality residency program at the Banff Centre.
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. She resides in Seattle with her husband and enjoys hiking, singing, and breaking conversation norms at parties. Find her at: www.denisehearn.com
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