Summary of The End of the Free Market

Looking for the book?
We have the summary! Get the key insights in just 10 minutes.

The End of the Free Market book summary
Start getting smarter:
or see our plans

Rating

7 Overall

7 Importance

8 Innovation

7 Style


Recommendation

No truce appears on the horizon in the battle between government control and free markets, a conflict that has intensified in the aftermath of the 2008-2009 recession. Political strategist Ian Bremmer examines the differing models of “state capitalism” that have gained ground in emerging economies around the world. Using varying levels of political control, countries such as China, Russia and Saudi Arabia are adapting the capitalist scenario to their particular situations and needs, thereby presenting obstacles to a fair fight with Western businesses. While decrying the unfair advantage governments bring to successful emerging economies, Bremmer concedes that free markets alone can’t solve all society’s issues, and he advocates for “better government, not less government.” getAbstract recommends this thorough, cogent study to global business executives looking to understand and compete in state-capitalist countries.

In this summary, you will learn

  • How “state capitalism” has evolved,
  • What tools it uses to maintain control,
  • How certain countries practice state capitalism and
  • What free-market businesses can do to compete effectively against state-capitalist nations.
 

About the Author

Ian Bremmer is president of Eurasia Group, a political-risk consulting company.

 

Summary

Back to the Future
Public ownership of private enterprise had a dramatic resurgence in the first decade of the 21st century. Despite the widespread belief that state-controlled economies were on their way out with the fall of communism in the late 1980s, the 2008 financial crisis has resulted...

More on this topic

By the same author

How the US Should Use Its Superpower Status
How the US Should Use Its Superpower Status
7
Superpower
Superpower
9
The Fat Tail
The Fat Tail
9
The J Curve
The J Curve
9

Customers who read this summary also read

Interconnectivity
Interconnectivity
8
The Shadow World
The Shadow World
7
Kings and Presidents
Kings and Presidents
8
Saudi Arabia’s royals are readying a revolution from above
Saudi Arabia’s royals are readying a revolution from above
7
Iran on a knife edge – as nuclear deal goes up in smoke
Iran on a knife edge – as nuclear deal goes up in smoke
7
The Looting Machine
The Looting Machine
9

Related Channels

Comment on this summary