Download Capitalism's Toxic Assumptions: Adam Smith's Seven Deadly Sins AudioBook Free
In science no-one believes the Earth is flat ever again. Economists, on the other hands, haven't budged using their company original worldview. Market capitalism depends upon seven big ideas: competition, the "invisible hands", utility, organization theory, pricing, shareholder value, and limited responsibility. These served the entire world well before, but through the years they have grown to be cancerous and are slowly and gradually killing the machine as a whole. Eve Poole argues that if you move in on these firm foundations, they commence to blur and wobble. Here she offers alternate views for a healthier system. And looking at them mutually, it becomes clear why we're so jammed. The capitalist system masquerades as a machine programmed by experts, with only economists and government authorities licensed to tinker with it. But the market is merely scores of messages about supply and demand. The rich world shapes the market in its image because it has more "votes". So if we want to change the way things are, we won't need to wait for the experts; we can begin now. In each section Poole shows how silent action by consumers, shareholders, employees, and employers can make big changes by shifting behaviors and adjusting the way financial "votes" are cast in the market.
