The Gemini DeepMind team discusses a critical book titled “Delusional Capitalism: Searching for Truth in a Dishonest World,” written by Bill Cara, to be published in the 4th quarter of 2025. This work argues that modern capitalism has deviated from its core principles due to a combination of algorithmic dominance, financial opacity, and widespread unrealistic beliefs in concepts such as perpetual growth and efficient markets. The DeepMind team explains specific “delusions” examined in the book, including income inequality and the “trickle-down” myth, the financialization of the economy, the rise of algorithmic trading and ETFs, and the damaging effects of corporate monopoly and insider manipulation. Ultimately, the book critiques the current economic system for fostering instability, resource misallocation, and widening inequality, advocating instead for significant reforms such as algorithmic transparency and stricter enforcement.
Why did I write this book now?
Markets are once again at an inflection point: speculative frenzies, insider conflicts, political capture, and fragile debt structures are converging with the emergence of powerful new technologies. This book offers readers both narrative clarity and authoritative insight at a time when trust in markets and institutions is at a low point. Delusional Capitalism presents a compelling, evidence-based argument for investors and policymakers to reassess the purpose of markets.
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