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23 Things They Don't Tell You About Capitalism (original 2011; edition 2012)

by Ha-Joon Chang

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4742721,807 (4.04)12
Member:BraveKelso
Title:23 Things They Don't Tell You About Capitalism
Authors:Ha-Joon Chang
Info:Bloomsbury Press (2012), Edition: 1, Paperback, 304 pages
Collections:Your library
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23 Things They Don't Tell You About Capitalism by Ha-Joon Chang (2011)

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Showing 1-5 of 23 (next | show all)
Tries to give you a bit of the rest of the story beyond the commonly understood beliefs about capitalism. I find it interesting that another reviewer labels the myths Chang addresses as neo-liberal, and I would identify them as free-market conservative.
  2wonderY | Jun 9, 2014 |
Interesting discussion of "truths" of capitalism and free market economies that are taken for granted. ( )
  addunn3 | Oct 18, 2013 |
For someone with no background in economics (and this is probably the first book on the subject I've read) then it was definitely an Interesting read. Chang first explains the common views he is trying to rebut. Enjoyable to start with, but by the end arguments felt a little repetitive, and with only the single author's voice I had no idea how other economists would respond to the views being presented. ( )
  fluteflute | Oct 2, 2013 |
A good counterpunch to all the current drivel about the wonderful legacy of Thatcher. Joon takes common statements from the economic religion that is neoliberalism etc. He then very clearly takes them to pieces, points out where they might (all too occasionally) be partly right and presents better ways of seeing the same situation from a more rational approach. It is always surprising how much of mainstream economics is a matter of religious belief, with its holy books and prophets and a constant scurrying effort to twist reality around the credo. Elsewhere I have seen it pointed out that the whole neoliberalism agenda is political rather than economic as, while it has failed to deliver growth or stability, it has delivered power back to an elite and undercut or destroyed the power of labour. That might actually be more likely.

All in all a rational, considered approach to what has been and what might be done with capitalism to get it back to working properly.
  Caomhghin | May 13, 2013 |
This review was written for LibraryThing Early Reviewers.
The ONE thing they don't tell you about capitalism is that for a few people to be filthy rich, a larger number have to be dirt poor. Yet, this is not the kind of critique Ha-Joon Chang provides. Instead he takes the reader through 23 myths that people believe or accept about capitalism, and specifically financial capitalism (vs. industrial capitalism) as we know it, debunking each or at least providing some evidence for a reasonable doubt in the efficacy of said myth. Many of these myths are no-brainers, like "There is no such thing as a free market"; others, which seem to require a bit of fancy footwork on Chang's part ("More education in itself is not going to make a country richer").

In all, Chang's critique does drill a number of holes in neo-liberal economics orthodoxy, revealing the "dark side" as it were of a system that has revealed more of its true colors in the past decade than many might have imagined.

This would be a reasonable supplemental text for identifying various aspects of neo-liberal thought from a less glaze-eyed perspective. ( )
  Ellesee | Oct 16, 2012 |
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Einführung: Die globale Wirtschaft ist schwer angeschlagen.
Eins: Die Märkte müssen frei sein.
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Challenges popular misconceptions while making startling revelations about free-market practices, explaining the author's views on global capitalism dynamics while making recommendations for reshaping capitalism to humane ends.

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