23 Things They Don't Tell You About Capitalism

scallamander's version from 2016-09-19 16:01


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