Things They Don't Tell You About Capitalism : Book Review & Discussion

Things They Don't Tell You About Capitalism : Book Review & Discussion

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23 Things They Don't Tell You About Capitalism

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If you listen to economic experts in newspapers or on TV, they talk as if there’s only one theory to follow: free-market economics. This method centers around letting supply and demand govern reign supreme. It prizes little government involvement in the financial world.

Although it sounds appealing, there is a lot wrong with this view. Other than not being very scientific, it’s based on many false ideas about the way society and the economy work. The good news is that there are other options, but unfortunately, these are ignored by the media and we never hear about them.

In Ha-Joon Chang’s 23 Things They Don’t Tell You About Capitalism, you’ll learn all about the problems with free-market economics. More importantly, though, you will get a picture of how we can solve these issues and the better world they may offer everybody.

Here are the 3 most interesting lessons I’ve learned about capitalism:

The free-market ideology bases its assumptions on the misguided notion that people make completely rational financial decisions, but government intervention can help.

Although many are afraid of politicians getting their planning into the economy, it’s already happening and doing well.

Capitalism isn’t at fault for our problems, but the way we design it is.

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