Vocabulary This is why I find it hard to understand why the book has a single severe repeated grammatical rror throughout it The author fails to use they or their and instead uses she or her I am all for gender Crazy Love euality However it is a major blunder that causes your mind to switch from absorbing what you re reading to sheer shock on how bad the grammaticalrror is It stands out the government increased taxes she will now have to pay How the book went to print with that rror throughout it bewilders meDespite the author being a Cambridge graduate and member of staff at this world renowned institution for over 20 years I let this rror slide as English is not their first language Instead I blame his publisher publicist and the many he thanked for proof re reading and providing input on how to make the book and its arguments reader friendly On these accounts they failed spectacularly the book is not user friendly not for a novice and not in layman terms for the non xperienced conomistI can only think when you are an academic gearing content toward a non academic it is incredibly difficult to find the right balance Even when you think you ve found the right balance you could still be way off A key xample is the author s use of death by statistics through the book They swallow you whole and leave you confused and numb opposed to xecuting an Black Heart, Red Ruby epiphanyah ha moment that positively supports the point madeAll in all the book s concept was a good idea poorlyxecuted and poorly advised by those called upon to make it readablemarketable to the masses This is an interesting and provocative book which uestions the received wisdom of the neoliberal free market policies proposed by Friedman and the Chicago School conomists of the 1970s and first implemented on a large scale by Regan and Thatcher in other words it uestions the ideas underpinning mainstream conomic thinking in the UK and the US governments and their associated New Plant Parent: Learn the Ways of Plant Parenthood economic institutions since thearly 1980s As such it is not seeking to offer an alternative to capitalism as Chang says on the third page of his introduction the book is not an anti capitalist manifesto Being critical of free market ideology is not the same as being anti capitalist Despite its problems and limitations I believe that capitalism is still the best Dreaming Me: An African-American Woman's Buddhist Journey economic system that humanity has invented Instead the book describes the limitations of free market approaches detailing how such policies largely fail to deliver what their proponents suggest they should andmpha. He dogma and sheer hype that the dominant school of neoliberal conomists the apostles of the freemarket have spun since the Age of Reagan Chang the author of the international best seller Bad Samaritans is one of the world's most respected conomists 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 uips listeners with an understanding of how global capitalism works and doesn't In his final cha.
ExcellentTo summariseHa Joon Chang xposes the insincerities and double standards of the Washington Concenusus the conomic dogma in which it is asserted that free markets liberalised trade and deregulation are simpatico with conomic development What s often left out of the classical The Lost Art of Reading Natures Signs economic philosophy is thevidence to the contrary For Moreno example the USA is often held up as a paragon of free marketfficiency and growth However it s Monsieur Pain earlyconomic development see Land Of Promise A Spark of Light: the fearless new novel from the Number One bestselling author economic history of the US was founded on three interlocking interventionist policies1 High tariffs to protect their infant indust The book states it has 23 points to make in truth all the points are highly interrelated and overlap It s inssence an academic article that has been unnecessarily What If elongated into a bookThere are not 23 things in the book If this were true they would all be independent points in their own right that you as a reader could touch upon individually at your own pace All 23 things are interrelated and overlap So much so that the author casually drops brackets through the book amidst an argument they are trying to make by simply stating refer to things 2 6 13 and 21 It isxcruciatingly annoying and weak argument buildingImagine wanting to read a book in chronological order and at your own pace just like a normal person Repeatedly the author refers to points gone or yet to come simply by their numberNow am I meant to hop forward several things and read that specific thing in its The Exhaustion Breakthrough entirety to understand the fullxtent of a single point you are trying to make at this present point in time Or alternatively am I meant to hop back to specific things and re read them in their The Exhaustion Breakthrough: Unmask the Hidden Reasons You're Tired and Beat Fatigue for Good entirety again as you do not wish make your argument clear by simply re iterating a small point in a discussion past goneNobody of sound mind would follow the brackets instructions as you would bounce back and forth across thentire book re reading Supplemental Book entire chapters countless timesMore so despite the book being about capitalism it never at any point actually defines outright what capitalism is again this is weak You cannot state that the book is geared toward a novice with no previous knowledge inconomics and not state the basics It jumps straight in assuming you know who Karl Marx and others are along with their concepts and theories The book has an introductory chapter and wastes it not covering thisThe book is highly Hark! The Herald Angels Scream elouent English is my first and only language credit where credit is due it certainlynhanced my own. Thing 1 There is no such thing as the free marketThing 4 The washing machine has changed the world than the InternetThing 5 Assume the worst about people and you get the worstThing 13 Making rich people richer doesn't make the rest of us richer If you've wondered how we did not see the conomic 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 uestion the assumptions behind
Sising the continuing importance of government planning and regulation Chang does this in an ntertainingly anecdotal fashion in which he takes ach of his things describes how those who believe in free markets think they work xplains how he thinks they work and then uses some carefully chosen Bidadari yang Mengembara examples as a way to illustrate his viewsA couple ofxamples illustrate the tone of his argumentsIn Thing Five Assume the worst about people and you get the worst Chang takes on the assumption implicit in Adam Smith s free hand of the market that conomic progress is driven xclusively by self interest the very bedrock of free market principles Instead he suggests a fair proportion of people s behaviour is almost altruistic most people for La strada delle croci example work hardven if there is no one to check up on them and most people don t cheat their customers ven when they could get away with it Many good conomic systems he suggests do better by making use of people s disinterested and unrewarded input rather than when they assume that people will always be motivated by self interest aloneIn Thing Twelve Governments can pick winners Chang takes on the free market mantra that capitalism works best when people are able to take on The Ballad of Dorothy Wordsworth enterprises without government interference a belief which is as Chan demonstrates at odds with theconomic history of very wealthy country Reading this chapter I couldn t help but think of Canary Wharf the most potent symbol of successful capitalist nterprise in the UK in the last fifty years and reflect that it wouldn t have got off the ground without the UK Government creating the London Docklands Development Corporation granting the Isle of Dogs Urban Enterprise Zone status and funding infrastructure investment in the DLR and the Jubilee LineSo overall then well worth a read an ideal book perhaps for an A Level Pretty Reckless (All Saints High, economics studentAnd by way of a related postscript I have a teaching colleague who demonstrates principles of market failure and ineuality to his A Levelconomics students by starting them on a game of Monopoly and then once the game is underway he deregulates the game by introducing massive cash hand outs and free houses hotels and properties to some of the players The results are often hilarious and typically lead to civil disobedience crime and violence as those who lose out protest steal from the bank and ven upset the board The xercise illustrates beautifully how free booting unregulated capitalism can create rather than solve problems Chang would I m sure approv. Pter How to Rebuild the World Chang offers a vision of how we can shape capitalism to humane nds 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 best selling 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.