Wednesday, November 10, 2010

23 Things About Capitalism (An Index)

I bought this book today, just by chance.

The title wasn´t very attractive at the first glace to be honest, I don´t like much all this lit re conspiracy theories and so. But then, having a look, the content seems to be meaty - and an Uni Prof from Cambridge should know a thing or two about those things.

So have a look at the Index, I think it´s quite significant:

1. There is no such thing as a free market.
2. Companies should not be run in the interest of their owners.
3. Most people in rich countries are paid more than they should be.
4. The washing machine has changed the world more than the internet has.
5. Assume the worst about people and you get the worst.
6. Greater macroeconomics stability has not made the world economy more stable.
7. Free-market policies rarely make poor countries rich.
8. Capital has a nationality.
9. Wed do not live in a post-industrial age.
10. The US does not have the highest living standard in the world.
11. Africa is not destined for underdevelopment.
12. Governments can pick winners.
13. Making rich people richer does not make the rest of us richer.
14. US managers are over-priced.
15. People in poor countries are more entrepreneurial than people in rich countries.
16. We are not smart enough to leave things to the market.
17. More education in itself is not going to make a country richer.
18. What is good for General Motors is not necessarily good for the United States.
19. Despite the fall of communism, we are still living in planned economies.
20. Equality of opportunity may not be fair.
21. Big government makes people more open to change.
22. Financial markets need to become less, not more, efficient.
23. Good economic policy does not require good economists.

Title: 23 Things They Don´t Tell You About Capitalism.
Author: Ha-Joon Chang.
Pages: 286

No comments: