7 Ways to Read 23 Things They Don’t
Tell You about Capitalism
Introduction
Thing 1
There is no such thing as a free market
Thing 2
Companies should notbe run in
the interest of their owners
Thing 3
Most people in rich countries are
paid more than they should be
Thing 4
The washing machine has changed
the world more than the internet has
Thing 5
Assume the worst about people
and you get the worst
Thing 6
Greater macroeconomic stability has notmade
the world economy more stable
Thing 7
Free-market policies rarely
make poor countries rich
Thing 8
Capital has a nationality
Thing 9
We do not live in a post-industrial age
Thing 10
The US does not have the highest
living standard in the world
Thing 11
Africa is not destined for underdevelopment
Thing 12
Governments can pick winners
Thing 13
Making rich people richer doesn’t
make the rest of us richer
Thing 14
US managers are over-priced
Thing 15
People in poor countries are more
entrepreneurial than people in rich countries
Thing 16
We are not smart enough to
leave things to the market
Thing 17
More education in itself is not
going to make a country richer
Thing 18
What is good for General Motors is not
necessarily good for the United States
Thing 19
Despite the fall of communism,
we are still living in planned economies
Thing 20
Equality of opportunity may not be fair
Thing 21
Big government makes people more open to change
Thing 22
Financial markets need to become
less, not more, efficient
Thing 23
Good economic policy does
not require good economists
Conclusion
Acknowledgements
Copyright