23 Things They Don't Tell You About Capitalism

Key Concepts and Strategies

The book «23 Things They Don't Tell You About Capitalism» by Ha-Joon Chang offers a critical perspective on widely accepted notions of capitalism. The main concepts and strategies of the book include:
1.Critique of neoliberal economic theory, which claims that free markets always lead to the best outcomes. Chang argues that markets are always regulated and that complete market freedom can lead to negative consequences.
2.Emphasizing the role of the state in economic development. The author asserts that successful economies have always had active government intervention.
3.Debunking the myth that people always act rationally in economic matters. Chang shows that human behavior is often irrational and influenced by social and cultural factors.
4.Criticism of the idea that globalization inevitably leads to economic progress. The author argues that globalization can exacerbate inequality and does not always benefit developing countries.
5.Discussion of the importance of protecting local producers and industries for long-term economic growth. Chang advocates for strategic protection of national economies from excessive external competition.
6.Emphasizing the importance of social justice and equality for sustainable economic development. The author argues that economic policy should consider the interests of all segments of society, not just the elite. These concepts and strategies aim to rethink the role of capitalism in the modern world and seek more equitable and sustainable economic models.