Market Fundamentalism 101

The term ‘market fundamentalist’ is rather over-applied, but if such a thing exists, that thing is Dr Robert Murphy of Texas Tech University, and in this book it really shows. That is a bit of a shame, as capitalism can be defended without needing to defend its most extreme incarnation. Murphy’s approach is a bit like trying to sell social democracy by defending Mao’s peasant collectivisation.

Regardless, that doesn’t mean that the book isn’t worth reading. I do think that the vast majority of listeners will learn *something* from it, no matter their ideological persuasion, even if they do disagree with much. To take one example, I learned about the degree to which American antebellum slavery required state intervention to maintain its strength (example: states would compel non-slave-owning citizens to participate in slave patrols, or forbid the freeing of slaves within state boundaries). So for those with a moderately open mind and a desire to learn, facts and insights such as these make it worth the price (which ironically is nothing at present).

On the other hand, if you have read the other review here and are excitedly looking forward to some fascist or imperialist propaganda, I'm afraid you will be sorely disappointed, and I recommend you go elsewhere.

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Fascist propaganda

Predictably historically and economic illiterate capitalist/fascist/imperialist propaganda. Absolute drivel, avoid at all costs.

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