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Capitalism's Toxic Assumptions

Redefining Next Generation Economics
by: Eve Poole
in: Economics
Summary:

The book challenges the fundamental assumptions underpinning traditional capitalist economics, such as the rationality of markets and the primacy of shareholder value. It proposes a reimagined economic system that emphasizes sustainability, ethical considerations, and long-term thinking over short-term profit maximization.

Key points:

1. Invisible Hand Myth: Eve Poole says markets don't self-correct and need rules to avoid harm and ensure fairness, contrary to Adam Smith's idea.

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