23 Things They Don't Tell You about Capitalism

23 Things They Don't Tell You about Capitalism By Ha-Joon Chang, Things They Don t Tell You about Capitalism Thing There is no such thing as free market Thing The washing machine has changed the world than the Internet Thing Assume the worst about people and you get the worst Thing Making rich peop
  • Title: 23 Things They Don't Tell You about Capitalism
  • Author: Ha-Joon Chang
  • ISBN: 9781608191666
  • Page: 402
  • Format: Hardcover
  • 23 Things They Don't Tell You about Capitalism By Ha-Joon Chang, Thing 1 There is no such thing as free market Thing 4 The washing machine has changed the world than the Internet Thing 5 Assume the worst about people, and you get the worst Thing 13 Making rich people richer doesn t make the rest of us richer.If you ve wondered how we did not see the economic collapse coming, Ha Joon Chang knows the answer We didn t ask whatThing 1 There is no such thing as free market Thing 4 The washing machine has changed the world than the Internet Thing 5 Assume the worst about people, and you get the worst Thing 13 Making rich people richer doesn t make the rest of us richer.If you ve wondered how we did not see the economic collapse coming, Ha Joon Chang knows the answer We didn t ask what they didn t tell us about capitalism This is a lighthearted book with a serious purpose to question the assumptions behind the dogma and sheer hype that the dominant school of neoliberal economists the apostles of the freemarket have spun since the Age of Reagan.Chang, the author of the international bestseller Bad Samaritans, is one of the world s most respected economists, a voice of sanity and wit in the tradition of John Kenneth Galbraith and Joseph Stiglitz 23 Things They Don t Tell You About Capitalism equips readers with an understanding of how global capitalism works and doesn t In his final chapter, How to Rebuild the World, Chang offers a vision of how we can shape capitalism to humane ends, instead of becoming slaves of the market.Ha Joon Chang teaches in the Faculty of Economics at the University of Cambridge His books include the bestselling Bad Samaritans The Myth of Free Trade and the Secret History of Capitalism His Kicking Away the Ladder received the 2003 Myrdal Prize, and, in 2005, Chang was awarded the Leontief Prize for Advancing the Frontiers of Economic Thought.
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    About "Ha-Joon Chang"

    1. Ha-Joon Chang

      Ha Joon Chang teaches economics at Cambridge University His book 23 Things They Don t Tell You About Capitalism was a no.1 bestseller and was called by the Observer a witty and timely debunking of some of the biggest myths surrounding the global economy He is a popular columnist at the Guardian, and a vocal critic of the failures of our economic system.

    352 thoughts on “23 Things They Don't Tell You about Capitalism”

    1. At first I turned my nose up at this book I couldn t imagine that it would have anything interesting to say to me Indeed but for the personal recommendation of the author I would have passed over this book altogether Well, I say personal recommendation but what I mean is that I listened to this podcast in which Ha Joon Chang talks through three of the twenty three things that he discusses in this book Anyhow the author s presentation convinced me and I seized a copy of the whole book at the next [...]


    2. As someone who knows nothing about economics, but is finding herself and interested in the subject this was an excellent read Ha Joon Chang is an economist reader at Cambridge University, but he writes with the simplicity and clarity of a high school teacher, illustrating his arguments superbly well with anecdotes and examples that are entertaining, gripping and easy to understand He has been writing for The Guardian since 2008 The basic tenet of the book is that the USA and UK have been pract [...]


    3. 23 Things for short purports to be a rebuttal of commonly held views about the free market, capitalism and the science and profession of economics Chang s position is pro government action and intervention left wing, if you will , and he seeks to back it up with evidence and arguments.I find it rather disappointing It often addresses straw men and commonly held misconceptions about how economists think rather than how economists actually think , and often fails to present opposing arguments fair [...]


    4. This is a book that systematically takes apart neoliberal economic assumptions the things here are all nicely summed up in an opening paragraph per chapter where they are stated in the standard, unforgiving terms of neoliberal ideology This is a book that really does deserve to be read This guy is so clear he is a joy to read Not only that, he also opens up the possibility of understanding what is far too often presented as only available to the expert and in impenetrable jargon You actually get [...]


    5. Brilliantly simple yet effective fare which a wide variety on the political compass can digest Admittedly not revolutionary Pure reformist stuff But makes very important observations on how destructive free market economics are and have been One doesn t have to agree with Chang s argument that capitalism itself is not necessarily a bad thing to appreciate his well founded critisms of the free market It debunks the very possibility of the existence of a a free market, it elaborates why owners can [...]


    6. In recent years I ve come to accept the fact that I forget most of what I read and that there is very little I can do to change this Even when I re read, I forget again Economics is a topic that excites me as much as doing the ironing, but I am compelled to keep trying to educate myself in the field by rage and disgust Since I forget things, I force myself to keep reading books like this so that, hopefully, when I need them, I ll be able to pull a few concepts and examples out of my back pocket [...]



    7. This is a really accessible book on economics and capitalism It may not sound like the most fun book to read but Chang actually writes this for the common person to use somewhat problematic phrase He uses many references to pop culture and film in order to get his points across as easily as he can This also contains a good history of economics and mentions many famous economists Adam Smith, Milton Friedman, John Maynard Keynes, and the such which is interesting if you are new to economics At poi [...]


    8. Ha Joon Chang is one of the few economists who you can actually trust to tell the truth as he sees it based on objective evidence Shiller and Stiglitz are also rare exceptions among economists as both are in this same category.This book is a great antidote to the free market propaganda that passes for economic analysis these days A good example is the section on the birth of the South Korean steel industry Despite the predictions of every free market economist worth his Heritage Foundation resea [...]


    9. Plain talk about capitalism from a Cambridge economist who believes in it, but not in the free market ideology which has surrounded it for the last thirty years Required reading for anyone who wants a grip on what s actually going on with the global economy, and anyone who likes to kid themselves they vote rationally



    10. This book is a very convincing argument about how utterly bogus the notions of free market and free trade actually are You can find a quote in every chapter regarding this point My favorite is found on page 73 The free trade, free market policies that have rarely, if ever, worked Most of the rich countries did not uses such policies when they were developing countries themselves, while these policies have slowed down growth and increased income inequality in the developing countries in the last [...]


    11. I am a free market advocate and read this book to examine opposing arguments I tried to be open minded, but ultimately found most of the arguments in this book unpersuasive He makes a few good points, but he also sets up many straw men to tear down positions that nobody holds, and he imbues many of his arguments with abstract plausibilites rather than with logic and empirical evidence Some of his arguments border on the absurd, such as his claim that the welfare state facilitates economic growth [...]


    12. This is a great book on economics, the free market, and trade policy Everything is explained in a very understandable way without getting the reader lost in too many details or obscure terms that only an economics expert would understand It dispels a lot of myths about how the free market is good for the economy of the country where it is practiced It describes in detail about how the free market ideology has destroyed or stagnated the economies of countries in sub Saharan Africa and Latin Ameri [...]


    13. i was going to give this 4 stars at first b c i think he s often overly and unnecessarily simplistic to the point that i sometimes got confused over his target audience also, some of his examples are weak which is frustrating b c his arguments are not he could have chosen better examples is allever, things 16 and 23 are absolutely brilliant and he goes straight for the jugular they made me happy things 9 and 17 are also pretty damn good.i don t think anything he says is particularly revelatory, [...]


    14. This book demolish with powerfull argumentations 23 dogmas of the dominant ultraliberal economical school of think,that that proclaim the virtues of absolutely desregulated free markets,the privatization of public services and corporations,the reduction of state structures ,the free dismissal and the disminution of welfare state.The author give reasons that this theories prevalent in the last 30 years,drove in search of short time benefits maximizing to salary reductions of the workers while the [...]


    15. This book would make an excellent companion to any economics class It is better as a discussion starter and or debate type of hypothesis than a standard economical study That within itself is the book s greatest strength and weakness Many of the arguments put forth here are not backed up w methodical statistical studies and data that s obviously a good thing for the casual reader, like myself The problem is, that without widespread and detailed case studies it opens itself up to criticism Regard [...]



    16. I consider this a must read for anyone like me, who does not have an economics background and has become accustomed to the misleading free market rhetoric It was refreshing to have some of the principles of my own thoughts on the economy reinforced by a prize winning economist, as well as to hear other complicated principles developed by Ha Joon Chang that challenge the current orthodoxy The book is incredibly straightforward and easy to read, in a conversational voice I would almost call breez [...]


    17. 23 Things They Don t Tell you About Capitalism is basically a pop version of Ha Joon Chang s previous work, Bad Samaritans This book seems to be intended to be very easy to read which is good to some extent but unfortunately it has made the discussion a bit too oversimplified Ha Joon Chang starts every chapter with a brief explanation on myths he claimed put forward by the capitalists and free market advocates I, however, found that some of the myths he mentions in the book are not really argume [...]


    18. This is a book that could only have been published in 2010 A confluence between the style of Freakonomics and an appetite for tracts like The Spirit Level it may be, but the timing of Ha Joo Chang s book is important for another reason It is a reappraisal of economic orthodoxy only possible once appropriate distance has been gained from the manifest failure of that orthodoxy.23 Things The Don t Tell You About Capitalism takes the sacred cows of free market economics one by one and calmly slaught [...]


    19. If there s one thing an average 20 year old steeped in Western culture has heard about, it s capitalism It seems to be casually referenced in a lot of films, and television shows, and intellectual conversations in college dorms over your third ramen dinner of the week Any self respecting adult knows a thing or two about economics, and Ha Joon Chang definitely capitalizes pun intended on that concept So, for the people out there who want a cursory glance at the development of capitalism in 300 pa [...]


    20. One of the best critiques of free market capitalism I have read Narrated by Joe Barrett8 hrs and 58 minsPublisher s SummaryThing 1 There is no such thing as the free market.Thing 4 The washing machine has changed the world than the Internet.Thing 5 Assume the worst about people, and you get the worst.Thing 13 Making rich people richer doesn t make the rest of us richer.If you ve wondered how we did not see the economic collapse coming, Ha Joon Chang knows the answer We didn t ask what they didn [...]


    21. Pretty good book with lots of economic insight Is the current free market ideology backed up with any empirical data Do countries which embrace a free market economic principal do better or worse than those which follow Keynesian approach What are the real world examples This book takes a look at myths associated with mainstream capitalism, using a mixture of real world historical and recent examples, while also providing detailed and graspable explanations Deals with important issues such as [...]


    22. A brilliant and accessible critique of free market economics Recommended to anyone wishing to understand the world economy.


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    24. In this critically acclaimed book, economic iconoclast Ha Joon Chang makes a mockery of the beliefs of modern day capitalists.Here, in a nutshell, are the 23 points made by the author, who has won the Wassily Leontief Prize for Advancing the Frontiers of Economic Thought.1 There is no such thing as a free market.There are always some rules, and they are set by politics, not the market Wages are set by government through immigration Child labour and pollution laws were once contested by capitalis [...]


    25. There s a lot of information packed into this tiny ish book just shy of 300 pages Chang addresses the many popular myths about the free market economy in the US and then refutes them I didn t mind the format I also didn t mind and agree wholeheartedly about a few of Chang s main points on how we could rebuild a new world economy 1 More regulation and gov t interference 2 Systems that promote self interest have not worked, so we need to build a system that brings out the best in people, rather th [...]


    26. This book is an amazing and enlightening work that every world citizen ought to read It succinctly breaks down what is wrong with our global economic market in terms that any non economist can understand It throws new to most of us and important light on the flaws of conventional wisdom about free market capitalism and how those policies over the past 30 years have created the systems and incentives for ongoing economic crises during that time including our current one But Chang is not content w [...]


    27. Recognizing that the boundaries of the market are ambiguous and cannot be determined in an objective way lets us realize that economics is not a science like physics or chemistry, but a political exercise If the boundaries of what you are studying cannot be scientifically determined, what you are doing is not a scienceMind blown


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