23 Things They Don’t Tell You About Capitalism
For this assignment, you are to read and respond to a short chapter in the book 23 Things They Don’t Tell You About Capitalism by economist Ha-Joon Chang. The chapter argues that restrictions on immigration and not differences in worker productivity drive international differences in wages and standards of living, a very different perspective from the models of trade and immigration that we have covered in this class.
You are to write a 2-3 page response to Professor Chang’s observation and challenge. Do you think he has a point? If so, can his claim that differences in wages are just due to restrictions on immigration from poor countries to rich countries be reconciled with the models we have examined? If you disagree with his claim, where do you think he errs?
As with the prior assignments, you will not be graded for this assignment on whether you agree or disagree with the reading. You may answer however you want. The point of this assignment is to get you to think critically (in the sense of not taking as gospel and asking tough questions) about the models we are covering in this class.
Having read the specific chapter in 3 Things They Don’t Tell You About Capitalism by economist Ha-Joon Chang, I truly believe he has a point. He has demonstrated beyond any reasonable doubt his points and provided supporting evidence to his assertions. His school of thought is based on the fact that what many people enjoy as remuneration is not solely by their own efforts but rather a cumulative efforts of their fore founding fathers. I relate this to the high school days when children form rich families were more reluctant to read as….