The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too

The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too Review

For nearly three decades, Washington has been in the grip of an economic orthodoxy defined by Ronald Reagan and embraced ardently by George W. Bush. It rests on four pillars: 1) Cut taxes on the wealthy, 2) Reduce regulation, 3) Fear inflation above all else, and 4) Insist on free-floating currency rates. Yet mainstream economists have spent much of the past decade examining the results, and declaring them rotten. Supply-side stimulation is a mirage. Deficits matter. Inequality matters. The disasters in Latin America--bread riots in Argentina, inflationary madness in Brazil - and Africa - bankrupt governments and capital flight - were a direct result of the Reagan-Bush agenda. James Galbraith is fed up, and determined to close the gap between what the economists know, and what the politicians ignore. In plain English, the Republican Party has been hijacked by political leaders who long since stopped caring if reality conformed to their message. Galbraith exposes the crumbling pillars one by one, naming names and pulling no punches. If you thought you should vote Republican for the sake of the economy, think again. Here's the "j'accuse" that the Bush economic agenda richly deserves - and a plan for what should replace it.

Title:The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too
Edition Language:English

Enjoy the book review !

    The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too Reviews

  • David M

    Useful and illuminating. Galbraith takes the conservative intelligentsia at their word. He shows that while the ideas of Hayek, Friedman et al did have a good deal of rigor and internal coherence at o...

  • Bart

    This is a wonderful contribution to the world’s current reevaluation of free-market ideology and should be read by anyone with sufficient intellectual dexterity to have looked at 9/18/08 and said, I...

  • Peter Mcloughlin

    Free markets are preached but never practiced by the right. It tends to be more a talking point to defend wealth and against doing anything for the poor that would go against free markets which are a...

  • Simon Wood

    THE FREE MARKET DELUSION Hereditary Economists? Sounds a dubious proposition but J.K.Galbraith the second has written a stimulating, provocative book that is easily up to his fathers standards. "The P...

  • Todd Martin

    In “The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too” economist James K. Galbraith argues that the economic principles of an unfettered free market, deve...

  • Converse

    James K. Galbraith, the son of the more famous (or infamous) John Kenneth Galbraith and a professor at the University of Texas, wrote this short book about economics and economic policy towards the e...

  • Frank

    Brilliant, provocative book. Galbraith shows that most "pro-market" rhetoric is meaningless. The corporations, oligarchs, and laissez-faire apologists who deploy it conveniently ignore the myriad ways...

  • Miriam Axel-lute

    I will have much more to say on this book in an upcoming column. Suffice it to say that if I could insist that the president read just one book, any book, it would be this one.I have critiques sure ...

  • Weavre

    ILL: Luzerne doesn't have it.BuzzFlash.com's Review (excerpt) What should we do with a free market that's really a rigged market?James K. Gailbrath has some answers.James K Gailbrath: "Today, the sign...

  • Andy

    Galbraith made the issues relatively easy to grasp and put forth logical solutions to the problems he found. It cleared up some misconceptions I held and is really strengthened through the use of evid...