Summary: The Predator State E-Book

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• Herausgeber: Political Book Summaries
• Kategorie: Fachliteratur
• Sprache: Englisch

Seitenzahl: 18

Veröffentlichungsjahr: 2017

Beschreibung

The must-read summary of James K. Galbraith's book: “The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too”.

This complete summary of "The Predator State" by James K. Galbraith, a renowned American economist, presents his argument that Reagan's economic policies were replaced by capitalism under the Bush administration, and that tax cuts, deregulation and privatization will eventually lead to lower prosperity and economic disaster.

Added-value of this summary:
• Save time
• Understand how the free market economy damages long-term prosperity
• Expand your knowledge of American politics and economics

To learn more, read "The Predator State" and discover how further deregulation and less government involvement could lead to disaster.

Leseprobe

Book Presentation: The Predator State by James K. Galbraith

Book Abstract

The cult of the free market has dominated economic policy-talk since the Reagan revolution of nearly 30 years ago. Tax cuts and small government, monetarism, balanced budgets, deregulation, and free trade are the core elements of this dogma, a dogma so successful that even many liberals accept it. However, in The Predator State, Galbraith shows how the Bush administration had no choice but to abandon Reaganism and asks the question: if conservatives no longer take free markets seriously, why should liberals?

Galbraith asserts that the real economy is not a free-market economy. It is a complex combination of private and public institutions and the real problems and challenges our country faces are problems that cannot be solved by incantations about the market.

About the Author

James K. Galbraith holds the Lloyd Bentsen, Jr. Chair in Government/Business Relations at the LBJ School of Public Affairs at the University of Texas in Austin. He holds degrees from Yale and Harvard and studied economics as a Marshall scholar at King’s College at Cambridge. He is a senior scholar at the Levy Economics Institute and chair of Economists for Peace and Security, a global professional association.

Summary of The Predator State (James K. Galbraith)

Introduction

Since the Reagan Revolution, the myth of the free market has dominated economic and political thought. Today, both conservatives and liberals embrace free market principles and rhetoric, including monetarism, deregulation, smaller government, and free trade. The dogma of a supremely wise free market, however, is little more than a convenient superstition that serves the interests of the powerful elite that prey at the public trough.