23 Things They Don’t Tell You About Capitalism. Book Summary

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Ha-Joon Chang

What’s inside

Ha-Joon Chang dispels the myths of free-market capitalism, detailing 23 misconceptions that sustain it, with a focus on ethical and practical implications.

You’ll Learn

  • Understanding the myths surrounding capitalism
  • Critical thinking about economic policies
  • Insights into global economic inequalities
  • Challenging conventional economic wisdom

Key Points

  • The ‘Free Market’ is an illusion
  • Companies should not be run in the interest of their owners
  • Most people in rich countries are paid more than they should be
  • The US does not have the highest living standard
  • Africa is not destined for underdevelopment
  • Governments can pick winners
  • Making rich people richer doesn’t make the rest of us richer

Who’s it For

  • Economists
  • Policy Makers
  • Students of Economics
  • Critics of Capitalism
  • General Readers Interested in Economic Theory

About the author

Ha-Joon Chang is a renowned South Korean economist known for his heterodox approach to economic theory and policy.