If you’ve ever felt guilty about the accoutrements of life in the developed world – plentiful cars, abundant food, cheap energy – economics and finance journalist Daniel Ben-Ami says to stop. He contends that society’s elites are afflicted with wrongheaded ideas about how to improve the world. He argues that underprivileged countries desperately need capitalist growth to improve their people’s lives, and that developed nations should try to help them boom, not weigh them down with self-denial programs. Ben-Ami’s thinking and writing is spotlessly clear but unbendingly hard, and every once in a while he wanders off the path of logic. Nonetheless, he makes a formidable, controversial case. getAbstract suggests his book to corporate managers working on global outreach, economists, and big thinkers who want to ensure the invisible hand is outstretched for a leg up, not a slap in the face.
In this summary, you will learn
- What “growth skepticism” is,
- Which arguments and data reject it, and
- What principles society must re-emphasize to move forward.
About the Author
British journalist Daniel Ben-Ami has covered economics and finance for more than 20 years. He is the author of Cowardly Capitalism and the editor of Fund Strategy, a London investment newsletter.