There is no such thing as a free market.Companies shouldn’t be run in the interest of their owners.The washing machine has changed the world more than the internet has.
Despite the fall of communism, we are all living in planned economies.
These are but four of the eye-popping assertions that Professor Ha-Joon Chang makes in his delightfully iconoclastic 23 Things They Don’t Tell You About Capitalism.
The claims aren’t just meant to startle though.
In his 286-page book, Professor Chang goes on to buttress each of his myth-busting statements with well-laid-out arguments.
The Cambridge professor, a specialist in development economics, makes it clear that while he still counts himself among the faithfuls who fly the flag for capitalism, free-market capitalism gets his goat.
And that, most importantly, there are no simple answers when it comes to rebuilding the world economy post the Great Recession, unlike what free-market capitalists will have us believe.
In an interview with R Rajesh Kumar, Professor Chang shares his thoughts among other things on the dangers of India’s fascination with the internet, on why more education does not always translate to better economic performance, the dangers of building shareholder value and more…
Dear TNT Reader,
At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.
Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.
But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.
Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.
Donate Monthly Subscription Annual Subscription