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Forum Post: 23 Things They Don't Tell You About Capitalism (video)

Posted 3 years ago on Nov. 6, 2011, 6:56 p.m. EST by DTX (33) from Dallas, TX
This content is user submitted and not an official statement

This video is somewhat long (30 minutes) and the author isn't exactly a good speaker, but I think his message is definitely relevant to OWS...

Development economics expert Ha-Joon Chang dispels the myths and prejudices that have come to dominate our understanding of how the world works in a lecture at the RSA.

http://www.youtube.com/watch?v=whVf5tuVbus&hd=1

Some of the points that the speaker discusses include the idea that corporations should not run for the benefit of the owners (the stockholders at least), people in poor countries are more entrepreneurial than people in rich countries, we aren't "smart enough" to leave things to the free market, virtually all the rich countries of today became rich through protectionism, government subsidies and regulation, and not though "free trade/free market" policies, and perhaps most importantly, there is actually more than one form of capitalism. Some of these points are hard to believe, but I think he lays out a pretty good argument for many of them in his speech.

http://www.hajoonchang.net/

http://www.econ.cam.ac.uk/faculty/person.html?id=chang&group=faculty

1 Comments

1 Comments


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[-] 0 points by foreverleft (233) 3 years ago

Why do leftists choose to believe bizzaro opposite world?