Capitalism rules, but it’s not without faults, says Cambridge University’s Professor Ha-Joon Chang.Chang listed 23 Things They Don’t Tell You About Capitalism, in a presentation last night at the London School of Economics.
Chang, a critic of free trade, says the government needs to take a bigger role in the economy, though that role varies depending on the country. He sees theoretical economics as a flawed lens, calling for a more pragmatic approaches.
We don’t have the full reasoning for each of Professor Chang’s arguments, but his points are still worth highlighting.
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