This books provides a great historical view of market failure. It is extremely informative and devastatingly enlightening.
I quite enjoyed the "long view" that this book takes... it shows that only a few people truly understand how the markets work and constantly work towards optimising profits at the expense of others. It also shows that there is a clear role for governments to play in market economics so we don't constantly end up in economic meltdown.
The thesis of the book absolutely shatters the illusion of any pure free market capitalism - without proper government regulation, it is unlikely that the capitalist system will survive... it might even be too late to save it, given the current state of Europe.
Highly recommend this book.
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