23 Things They Don't Tell You About Capitalism Apr 2026

Chang critiques "trickle-down" economics, arguing that increasing wealth for the elite does not automatically benefit the general population. Core Themes 23 Things They Don't Tell You About Capitalism

Every market has rules and boundaries that restrict choice (e.g., labor laws, safety regulations); the market only appears "free" when we accept its existing regulations as natural. 23 Things They Don't Tell You about Capitalism

Domestic appliances revolutionized society by freeing women from labor and allowing them to enter the workforce, a shift more transformative than the speed of digital communication. 23 Things They Don’t Tell You About Capitalism

23 Things They Don’t Tell You About Capitalism is a non-fiction book by Cambridge economist , published in 2010. The book serves as a critique of neoliberalism and free-market economics, arguing that the "common sense" assumptions used to justify current economic policies are often misleading or historically inaccurate. Key Arguments and "Things" Some of the most prominent arguments include: Despite

Chang structures each chapter around a "Thing" (a common economic myth) followed by "What they tell you" and "What they don't tell you". Some of the most prominent arguments include:

Despite globalization, most multinational corporations remain deeply tied to their home countries for R&D and decision-making.

Policies focusing on low inflation have often suppressed growth and increased financial instability.