23 Things They Don't Tell You About Capitalism

Interesting Facts

• The book offers a critical view of capitalism, breaking it down into 23 myths that the author considers false or misleading.
• The author argues that the free market does not exist, as all markets are regulated to some extent.
• Chang emphasizes that wealthy countries did not become rich through free trade but used protectionist measures to safeguard their economies.
• One of the book's ideas is that people do not always receive rewards according to their productivity, which contradicts the common belief about the capitalist system.
• The author claims that education and skills are not always the key factors in economic success, citing examples of countries that have succeeded without high levels of education.
• The book criticizes the idea that companies should be managed solely in the interests of their shareholders, offering a broader view of corporate responsibility.
• Chang also discusses the role of the state in the economy, arguing that government intervention can be beneficial and necessary for economic development.