Joseph presents the harsh reality of globalization, especially trade and IP management and how the industrialized rich countries has used their size aJoseph presents the harsh reality of globalization, especially trade and IP management and how the industrialized rich countries has used their size and influence to tip the global market their way - making the developing and poorer countries suffer unnecesserely. He details how and why the global market is broken, but also how it can be fixed. One of the most eye opening and enlighting books I've read.
Conclusion: Read it. I highly recommend everyone to read this book....more
I'd like to give this book a higher rating. I really do. I loved his TED talks many years ago, and in many ways he does bring some interesting ideas.I'd like to give this book a higher rating. I really do. I loved his TED talks many years ago, and in many ways he does bring some interesting ideas. Every chapter made me think, but probably not in the way the author intended.
The problem wasn't entirely that the ideas felt re-used from other books I've read, especially Freakonomics: A Rogue Economist Explores the Hidden Side of Everything (2005) and Nudge: Improving Decisions About Health, Wealth, and Happiness (2008). It's a bit unfair because Dan's book was released in-between (2007). The main problem was how narrow the authors focus seemed to be. It's purely focused on the US with its many sentences on how to "make America better" and it's really hard to take any general conclusions about human nature seriously when each "research" is made on a handfull of MIT students in the hall. Even if he tried he would have a hard time finding a more homogenous group of people, and then he should at least try to find more of them so that 1 person doesn't correspond to 5% of the result. (Don't get me wrong, the MIT people I've met are amazing and therein lies the problem: most people aren't like them)
If you want to read something on behavioural economics, check out the books I linked above instead.
Here are just some comments I wrote on my phone while reading the book (excuse the shortness):
page 109, on "The power of a free cookie": MIT students aren't the best measure of behaviour around "free food". Check any gift-giveaway involving people with poor backgrounds, and/or an existing group hoarding the goods.
page 112, same chapter, "The power of a free cookie": consider a professor giving free candy: A) why? What does he want from me (in exchange)? B) it's MIT. A teacher giving free candy isn't being nice, he's conducting an experiment.
page 236, on "The power of price": 13+16 participants isn't enough for any general conclusions IMHO.
page 254, on "The cycle of distrust": But it was a trick. They were experiment subjects without being told about it. It's not weird that they didn't believe it wasn't a trick when the author was in fact writing a book and making money on their reactions.
page 257, same chapter, "The cycle of distrust": The Public Goods Game (as an example of "the tragedy of the commons") assumes anonymity. What happens when you know who "cheated", and could contact them? See https://en.m.wikipedia.org/wiki/Trage...
page 291, on "The context of our character, part i": Remember that you're not writing to America if you publish world wide. When comparing to other countries it sounds like "Make America great again"....more
As with The Long Tail Chris does a wide and deep search on the topic. One can read the introductory chapter and feel that's all there is to say on theAs with The Long Tail Chris does a wide and deep search on the topic. One can read the introductory chapter and feel that's all there is to say on the subject, but they'd be wrong. Chris has a nice writing style and uses a lot of examples. There are some very interesting examples on how "free" has been applied, such as popularizing Jell-O in the USA and music bands in Brazil.