What They Haven't Told Us About the European Financial Crisis

By Michael Nevradakis, Truthout | Interview

University of Cambridge economist Ha-Joon Chang, author of 23 Things They Don't Tell You About Capitalism, discusses the ongoing financial crisis in Europe, the economic situation in Greece, the myths surrounding the crisis and the new economic bubble, which he argues is about to burst.

Michael Nevradakis: In your book, you debunk many of the myths about capitalism that we often hear in the media and in conventional teachings of economics, myths that are often seen as conventional wisdom. What are some of the biggest myths that you have identified?

Ha-Joon Chang: Well, at least 23 of them, as I wrote in the book. I mean, there are more. But I think there are a few important ones that have played quite a big role in shaping our economy and society in the way it has evolved in the last two or three decades.