![]() ![]() The presentation of the history of the welfare state is strange to say the least, grabbing on to one example, the Japanese, without discussion or even mentioning the start in Germany of the spread to Scandinavia. The jump from history of money to insurance. Ferguson is jumping back and forth without reaching convincing conclusions in each part. George Soros get criticized, as a representative of Hedge Funds, but that is it. There is no "too big to fail", no critique of the big banks, no critique of how banks control American politics through donations. Allende is presented as a bad economist, a simple Marxist, nothing about US involvement in the coup. Maybe he should not have worked for Pinochet, but in the long run it was good, Ferguson concludes. ![]() Ferguson gives much time to one economist, Milton Friedman, but without much critique. You get the impression that all economic inventions (Smith, Law, Mattesson etc.) come from Scotland, which is at least somewhat of an exaggeration (Ferguson's home country) 2. Here are just some quick critical points: 1. There has been good and longer reviews in the NY Times and Guardian newspapers. I have read several of his books and now I just watched this 6 episode TV series, "The Ascent of Money". ![]()
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