In this interview with Renegade Inc. Ha-Joon Chang, author of 23 Things They Don’t Tell You About Capitalism, debunks pretty much all the myths of “free market capitalism”. These include the existence of “free markets” (all markets are regulated in some shape or form) and the necessity of “free trade” for the development of capitalism. (h/t Naked Capitalism)
In a review of 23 Things published last year, John Gray wrote: “Chang’s account of where we find ourselves today is arrestingly accurate. For anyone who wants to understand capitalism not as economists or politicians have pictured it but as it actually operates, this book is invaluable.”
This blog post was published on 15 June 2011