By Ha-Joon Chang
Factor 1: there isn't any such factor as unfastened industry.
Thing four: the showering computing device has replaced the area greater than the web.
Thing five: think the worst approximately humans, and also you get the worst.
Thing thirteen: Making wealthy humans richer doesn't make the remainder of us richer.
If you've puzzled how we didn't see the industrial cave in coming, Ha-Joon Chang understands the reply: We didn't ask what they didn't let us know approximately capitalism. it is a lighthearted ebook with a major goal: to question the assumptions at the back of the dogma and sheer hype that the dominant college of neoliberal economists-the apostles of the freemarket-have spun because the Age of Reagan.
Chang, the writer of the overseas bestseller Bad Samaritans, is among the world's most valuable economists, a voice of sanity-and wit-in the culture of John Kenneth Galbraith and Joseph Stiglitz. 23 issues They Don't inform you approximately Capitalism equips readers with an figuring out of the way international capitalism works-and doesn't. In his ultimate bankruptcy, "How to Rebuild the World," Chang deals a imaginative and prescient of the way we will form capitalism to humane ends, rather than turning into slaves of the market.
Ha-Joon Chang teaches within the college of Economics on the collage of Cambridge. His books comprise the bestselling Bad Samaritans: the parable of loose Trade and the Secret heritage of Capitalism. His Kicking Away the Ladder got the 2003 Myrdal Prize, and, in 2005, Chang used to be presented the Leontief Prize for Advancing the Frontiers of monetary idea.
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Extra resources for 23 Things They Don't Tell You about Capitalism
S. federal budget. Spending on the wars in Iraq and Afghanistan — accounted for separately — increased that to 31 percent. S. federal spending. Military spending provides some jobs in nearly every congressional district, but nowhere near the number of jobs moved to countries with cheaper labour. Revenues spent on the military are not available for public services. S. does not provide its people with universal health care coverage. Urban infrastructure has been left to decay. S. is falling behind in education and in nonmilitary research and development.
Conscription and military spending ended the chronic unemployment of the 1930s and substantially increased corporate profits. S. trade surpluses and corporate profits. S. was spending nearly as much on preparation for war as the rest of the world combined. It had six thousand military bases on its own soil and seven hundred abroad. S. corporations to exploit the globe’s cheapest resources. S. financial interests the clout to compel poor countries to put the payment of debt service charges ahead of their people’s desperate need.
For religious elites, numerous children mean larger flocks. For capitalists, numerous children mean more cheap expendable labour. Capitalist dispossession and privatizations have alienated people from the natural world, but returning to past systems of minority entitlement is neither practical nor a solution. Hereditary aristocracies, theocracies, meritocracies and hegemonic parties as well as capitalists act in their narrow interests. Now in a time of global interdependence and socialized labour, human well being will be explicitly served only when everyone is equally entitled to participate in economic and political life.
23 Things They Don't Tell You about Capitalism by Ha-Joon Chang