23 Things They Don't Tell You About Capitalism

Download or read book 23 Things They Don't Tell You About Capitalism written by Ha-Joon Chang and published by Penguin UK. This book was released on 2010-09-02 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ha-Joon Chang dispels the myths and prejudices that have come to dominate our understanding of how the world works. He succeeds in both setting the historical record straight ('the washing machine has changed the world more than the internet'; 'the US does not have the highest living standard in the world'; 'people in poor countries are more entrepreneurial than people in rich countries') and persuading us of the consequences of his analysis ('making rich people richer doesn't make the rest of us richer'; 'companies should not be run in the interest of their owners'; 'financial markets need to become less, not more, efficient'). As Chang shows above all else, all economic choices are political ones, and it is time we started to be honest about them.