23 things they don't tell you about capitalism / Ha-Joon Chang.
- Other Title:
- Twenty-three things they don't tell you about capitalism
- New York : Bloomsbury Press ; c2010.
xviii, 286 p. ; 22 cm.
- Challenges popular misconceptions while making startling revelations about free-market practices, explaining the author's views on global capitalism dynamics while making recommendations for reshaping capitalism to humane ends.
- There is no such thing as a free market
Companies should not be run in the interest of their owners
Most people in rich countries are paid more than they should be
The washing machine has changed the World more than the Internet has
Assume the worst about people and you get the worst
Greater macroeconomic stability has not made the world economy more stable
Free-market policies rarely make poor countries rich
Capital has a nationality
We do not live in a post-industrial age
The US does not have the highest living standard in the world
Africa is not destined for underdevelopment
Governments can pick winners
Making rich people richer doesn't make the rest of us richer
US managers are over-priced
People in poor countries are more entrepreneurial than people in rich countries
We are not smart enough to leave things to the market
More education in itself is not going to make a country richer
What is good for General Motors is not necessarily good for the United States
Despite the fall of communism, we are still living in planned economies
Equality of opportunity may not be fair
Big government makes people more open to change
Financial markets need to become less, not more, efficient
Good economic policy does not require good economists
Conclusion: How to rebuild the world economy.
- Includes bibliographical references (p. -276) and index.
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