This book is definitely a must read.
It implies though that there is no alternative to capitalism. State intervention should remedy the ills of the system.
The review concludes with a typical misleading suggestion:
“If Biden truly intends to establish a more just and egalitarian economic order, he would do well to consult both the achievements and the tragedies of U.S. development documented in Levy’s book.”
The use of the comparative form implies that there is already a sort of ‘just and egalitarian economic order’, which an absurd thing to say. Biden could make that order more just and egalitarian. Why does one not just state: “if Biden truly intends to establish a just and egalitarian order...”?
Portrait of the United States as a Developing Country
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