Book Review James K Galbraith the Pedator State
 | |
| Author | James K. Galbraith |
|---|---|
| State | U.s. |
| Language | English |
| Discipline | Economics, Political Economy |
| Publisher | Gratis Printing |
| Publication date | 2008 |
| Pages | 221 |
| ISBN | 9781416566830 |
| OCLC | 664430097 |
The Predator State: How Conservatives Abandoned the Gratuitous Market and Why Liberals Should Too is a book by economist James Grand. Galbraith, showtime published in 2008. The title refers to how in US gild, equally Galbraith sees it, public institutions have been subverted to serve private profit: the "predators" beingness corporate elites. He argues that these corporate interests run the state "not for whatever ideological project—but but in a manner that would bring to them, individually and as a group, the about money."[1]
Background [edit]
Galbraith was education economics at the Academy of Texas at Austin at the time of the book's creation. His previous book as author was Created Unequal: The Crunch in American Pay, published in 1998. In Apr 2006 the author visited his father, John Kenneth Galbraith, who had had a busy career equally an economist, public official and administrator. In this terminal coming together before his death, the elder Galbraith suggested that James write a book about "corporate predation".[2]
The volume was written in the aftermath of Hurricane Katrina's devastation of New Orleans, merely earlier the 2008 financial crash. Galbraith related both events to the ideas described in the book. For him, the Katrina disaster was a defining failure of the political organisation, since a political hostility to the public sector had inspired the degradation (or selling off) of publicly owned emergency services. Writing a preface for the paperback edition, which came out afterwards the 2008 crash, Galbraith blamed the ongoing crunch on deregulation which, in the name of free markets, had left the financial predators to police force themselves.[three]
Content [edit]
The book has 3 sections. The first portrays free markets as a cultural myth which is not really believed by its proponents. The second explains the operation of the predator state, where economic inequality is non a side-consequence of economic development but a outcome of greedy individual interests taking more for themselves. The 3rd has some recommendations for dealing with predators; getting the benefits of individual enterprise without giving excessive power to corporate elites.
In countering the belief that free markets will always produce the economically best outcomes, Galbraith disputes the narrative of US economic history that goes with information technology.[4] While that narrative credits United states prosperity to enterprise breaking free from regulation, he credits information technology to public institutions created in the New Deal, including social security and Medicare.[iv]
The book criticises American conservatives who abet small-regime policies while, in practice, expanding authorities spending and pursuing "free trade agreements" that undermine free trade. It also criticises liberals for unquestioningly taking on free-market principles such as counterbalanced budgets and government non-intervention. Galbraith describes the goal of the book as "to free up the liberal heed".[iv] [5]
Equally Galbraith explains it, the labels of "bourgeois" or "liberal" are unhelpful, equally is the supposed tension between the politics of small government and large government. He sees the competition as between the super-rich predators and the rest of society. The predators demand privatization when the economic system is doing well, then they can acquire assets, but in hard times, predators bandage themselves equally too big to fail and apply their political power to become protection from the state, even getting government into debt to back up their institutions.[6]
Reception [edit]
Reviewing the book for the Journal of Economical Bug, L. Randall Wray describes it as "political economic system at its all-time [...] equally deserving of status as a classic" as John Kenneth Galbraith's The New Industrial State and Thorstein Veblen's The Theory of the Leisure Class, both of which it tin be said to update. Wray praises both the prose style and the arguments themselves which "appear unassailable".[seven]
In the New York Times, Roger Lowenstein praises the book'southward prose simply disputes many of its arguments. He writes, "the gusto with which [Galbraith] repeatedly challenges tired conventions is refreshing" but "his prose is absolutist in proportion to the extent to which his assertions are unprovable," last "It is not brilliant economic science, but give him his due: He has raised trenchant questions about a organization in crisis."[8]
In the Shanghai Daily, Wan Lixin writes that well-nigh books on economics and management lack truthful insight, but makes an exception for The Predator State, which "does not provide answers, nor real solutions, [but] has the potential to help you think on your ain."[nine] In particular, Lixin praises Galbraith for observing that standard economic concepts such equally GDP growth do non accept into account the interests of futurity generations, and hence that gratuitous markets do non program well for futurity events.[nine]
A review in Publishers Weekly describes the book as "highly readable" and rich in stimulating ideas, but "sometimes scattershot", with conclusions sometimes unclear or contradictory.[10]
USA Today listed The Predator Land among the best business books of 2008.[xi]
Editions [edit]
The book was printed in several editions through 2008 and 2009, by the Simon and Schuster imprint Free Press. The volume has been published in Chinese by a Beijing-based publisher.[12] An audiobook version, read by William Hughes, was released in 2009[xiii] and an ebook edition was published in 2014.[12]
References [edit]
- ^ Ramirez, Steven A. (2009-09-20). "Subprime Bailouts and the Predator Land". Rochester, NY: Social Science Research Network. doi:10.2139/ssrn.1476190. S2CID 154633602. SSRN 1476190.
- ^ Galbraith, James K. (2008). The Predator State: How Conservatives Abandoned the Complimentary Market place and Why Liberals Should Too. Free Press. p. 208. ISBN9781416576211.
- ^ Galbraith, James Thou. (2008). The Predator State: How Conservatives Abandoned the Free Market place and Why Liberals Should Likewise. Costless Press. pp. xi–xx. ISBN9781416576211.
- ^ a b c Da Costa, Pedro Nicolaci (2008-07-25). "Galbraith takes on the predator". Reuters . Retrieved 2016-02-09 .
- ^ Cooperman, Alan (2008-09-14). "Undressing the Body Politic". The Washington Mail. ISSN 0190-8286. Retrieved 2016-02-09 .
- ^ Sakowicz, John (24 September 2008). "Books & Literature | THE PREDATOR Land by James Galbraith". www.metroactive.com. Metro newspapers. Retrieved 2016-02-09 .
- ^ Wray, L. Randall (2008). "The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too". Journal of Economical Bug. 42 (3): 872–874. doi:10.1080/00213624.2008.11507189. S2CID 156092316.
- ^ Lowenstein, Roger (2008-09-26). "Book Review | 'The Predator Country,' by James K. Galbraith". The New York Times. ISSN 0362-4331. Retrieved 2016-02-09 .
- ^ a b Wixin, Lan (11 April 2009). "Predatory free markets make globe a risky identify". www.shanghaidaily.com . Retrieved 2016-02-09 .
- ^ "Nonfiction Volume Review: The Predator Land: How Conservatives Abased the Free Market place and Why Liberals Should, Too". PublishersWeekly.com. nineteen May 2008. Retrieved 2016-02-11 .
- ^ Rawlins, H. (26 December 2008). "Yr's best: These books meant business in 2008". usatoday.com . Retrieved 2016-02-09 .
- ^ a b "Formats and Editions of The predator state : how conservatives abandoned the gratuitous market and why liberals should too [WorldCat.org]". www.worldcat.org . Retrieved 2016-02-09 .
- ^ "The predator land how conservatives abandoned the gratuitous market and why liberals should too /". librarycatalog.cityofwoodland.org . Retrieved 2019-11-25 .
Further reading [edit]
- Friedman, Benjamin M. (half-dozen November 2008) "A Challenge to the Free Market place" New York Review of Books
External links [edit]
- Official web site for the book: "The Predator Country". Archived from the original on 2018-08-05. Retrieved 2019-03-05 .
- Extract from the book in The Texas Observer, published five September 2008
Source: https://en.wikipedia.org/wiki/The_Predator_State
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