xi
Introduction
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1
Thing 1
There is no such thing as a free market
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4
11
Thing 2
Companies should not be run in the interest of their owners
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2
23
Thing 3
Most people in rich countries are paid more than they should be
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31
Thing 4
The washing machine has changed the world more than the internet has
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41
Thing 5
Assume the worst about people and you get the worst
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51
Thing 6
Greater macroeconomic stability has not made the world economy more stable.
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1
62
Thing 7
Free-market policies rarely make poor countries rich
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74
Thing 8
Capital has a nationality
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88
Thing 9
We do not live in a post-industrial age
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2
102
Thing 10
The US does not have the highest living standard in the world
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112
Thing 11
Africa is not destined for underdevelopment
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3
125
Thing 12
Governments can pick winners
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1
137
Thing 13
Making rich people richer doesn't make the rest of us richer
it only works under certain conditions: if they're forced to actually invest in productive things (through policy measures) and then share the fruits of such growth through a strong welfare state (or other such mechanism)
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2
137
Thing 13
Making rich people richer doesn't make the rest of us richer
it only works under certain conditions: if they're forced to actually invest in productive things (through policy measures) and then share the fruits of such growth through a strong welfare state (or other such mechanism)
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148
Thing 14
US managers are over-priced
part of the reason behind high executive paychecks is the power this class commands--often, they sit on other companies' boards and thus have no reason to question rising paychecks as a whole (p155). plus, as a class, they have enormous political power, even for supposedly leftist parties like the Democratic Party
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148
Thing 14
US managers are over-priced
part of the reason behind high executive paychecks is the power this class commands--often, they sit on other companies' boards and thus have no reason to question rising paychecks as a whole (p155). plus, as a class, they have enormous political power, even for supposedly leftist parties like the Democratic Party
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Thing 15
People in poor countries are more entrepreneurial than people in rich countries
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2
168
Thing 16
We are not smart enough to leave things to the market
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178
Thing 17
More education in itself is not going to make a country richer
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1
190
Thing 18
What is good for General Motors is not necessarily good for the United States
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3
199
Thing 19
Despite the fall of communism, we are still living in planned economies
obviously economies are still planned--the difficulty is planning the right things, at the right levels (p.200)
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1
199
Thing 19
Despite the fall of communism, we are still living in planned economies
obviously economies are still planned--the difficulty is planning the right things, at the right levels (p.200)
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Thing 20
Equality of opportunity may not be fair
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2
221
Thing 21
Big government makes people more open to change
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231
Thing 22
Financial markets need to become less, not more, efficient
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1
242
Thing 23
Good economic policy does not require good economists
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2
252
Conclusion: How to rebuild the world economy
there is nothing "natural" about the situation we are in now (post-2008 financial crisis)--we need to understand how we got here and stop voting for neoliberal policies that will only hurt us in the end (in a nutshell)
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1
252
Conclusion: How to rebuild the world economy
there is nothing "natural" about the situation we are in now (post-2008 financial crisis)--we need to understand how we got here and stop voting for neoliberal policies that will only hurt us in the end (in a nutshell)
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