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Lunch » Tags » Books » Reviews » 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

1 rating: 3.0
A book by James Galbraith

Galbraith, noted economist and son of the late economist John Kenneth Galbraith, offers his views on the gap between conservative ideology and its use and abuse to cover up the George W. Bush administration’s Predator State, which takes advantage … see full wiki

Tags: Books
Author: James Galbraith
Genre: Business & Investing
Publisher: Free Press
1 review about The Predator State: How Conservatives Abandoned...

Great book, worthy of the father's name

  • May 2, 2010
Rating:
+3
This book is an examination of the economic situation of the America at the end of the 2nd G. W. Bush administration, and how it developed. With no graphs or formulas, the book is instead a lucid essay on political economy; explaining how policy and political decisions lead to economic results. The author is James K. Galbraith, son of famous progressive economist John Kenneth Galbraith. Drawing on the works of his father and other famous western economists over the past 250 years, the author shows how the concept of free markets cannot be applied to many situations, such as energy distribution, health care, and education. The author explains how attempts to do so were often driven by specific corporations or business interests who knew that the deregulation and privatization of these sectors of the economy would provide them with economic monopolies; hence the term "predator state." The author does a wonderful job presenting his views, however I am disappointed that the author does not use his arguments to examine the 911 attacks, the PR campaign against Iran, and the lead-up to the Iraq War; all of which are perfect examples of his "predator state" at work.

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