The Myth of Capitalism: Monopolies and the Death of CompetitionFebruary 25, 2019, 18:30-20:0010/F, China Overseas Building ,139 Hennessy Road
Presented by the Young Professionals Committee
About the Event
Capitalism has lifted people from poverty and created widespread wealth for billions of people. Unfortunately, the so-called capitalism that exists in today’s United States and Canada is the antithesis of competitive marketplaces. Monopolies and oligopolies dominate the economy, with a few winners and millions of losers.
Stunning industry concentration over the last 40 years has led to: low productivity, low business dynamism, higher consumer prices, record levels of inequality, low wages, and lost localism and diversity. Voters feel that markets are rigged, and populist politicians triumph.
In this seminar, author Denise Hearn will discuss how we got to this state, and will propose a path back to open, competitive markets that work for the majority.
HKD 185 for CanCham members
HKD 310 for non-members
HKD 150 for CanChamHK's Young Professional Members
About the Author
Denise Hearn 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 at venues including: the Oxford Union, Bloomberg, and a Canadian Parliamentary Standing Committee. Her work has been featured in: The Washington Post, Quartz, the Financial Times, BusinessInsider, and Reuters, among many others.
Most recently, Denise was Head of Business Development at Variant Perception - a macroeconomic research and investment strategy firm that caters to hedge funds and family offices globally. Denise has an MBA from the Oxford Saïd Business School and a BA in International Studies from Baylor University.