The Myth of CapitalismPraise for The Myth of Capitalism Capitalism without competition is not capitalism, writes Jonathan Tepper in The Myth of Capitalism. He is right. After decades when most economists dismissed antitrust actions as superfluous so long as consumers were not the victims of price gouging, we are slowly waking up to the reality that monopoly capitalism is back and it can be harmful even if its core products (as in the case of Google and Facebook) are free.