📖 Read loc 962-1440 of 12932 (11.13%) of American Amnesia by Jacob S. Hacker and Paul Pierson
This continues to be intriguing with lots of examples (and footnotes, which I’ve been skipping over presently, but will circle back upon later). It continues to make a strong argument for a mixed economy and even bolsters with evidence that the richest countries are usually the ones with the most government–something which flies in the face of traditional Republican values. There’s also some good discussion of what markets are and aren’t capable of, a point which is often missed in the bigger public, potentially because of the decades of chanting that capitalism is best while we fought a cold war with Russia.
More people should really be concerned with externalities in the markets.
In general this seems to be a sweeping meta-analysis of lots of other sources and material, most of which is footnoted. I do sometimes wish they went into greater detail on many of their points, but I suspect that no one else would be reading the book because of its length. Their arguments are fairly quick and to the point however.Syndicated copies to: