23 Things They Don't Tell You about Capitalism [1st pbk. ed] 9781608191666, 9781608193585, 1608191664, 9781608193387, 1608193381

There is no such thing as a free market -- Companies should not be run in the interest of their owners -- Most people in

386 38 403KB

English Pages xvi, 288 pages Year 2011;2012

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23 Things They Don't Tell You about Capitalism [1st pbk. ed]
9781608191666, 9781608193585, 1608191664, 9781608193387, 1608193381

Author / Uploaded
Chang
Ha-Joon

Table of contents :
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.

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