Its been quite a while since I read it so I can’t point to specific facts Loewen gets wrong. I think the main thing that bothered me was that he fails to appreciate the benefits of capitalist competition in raising our living standards. Economic change creates winners and losers in the short run, and I’m happy to try to make things better for the losers, but we need to think about ways to do that which don’t block innovation and empower special interests.
Its been quite a while since I read it so I can’t point to specific facts Loewen gets wrong. I think the main thing that bothered me was that he fails to appreciate the benefits of capitalist competition in raising our living standards. Economic change creates winners and losers in the short run, and I’m happy to try to make things better for the losers, but we need to think about ways to do that which don’t block innovation and empower special interests.