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Title: Dangerously flawed
Review: Galbraith is an economist who could only operate in academia--in any other setting he would be a joke. In his many books, which are widely cited, he attempts to provide an economic justification to socialism. The principle flaw in this book, from which all the others radiate out, is that all spending is equal. That government spending is just as productive to the economy as personal or corporate spending. He uses this assumption to justify confiscation of wealth by the government through the tax code. Of course, we know now that most of the taxes collected by the government is at best wasted money, and at worst counterproductive to society (welfare, subsidies, foreign aid to countries that hate us, etc.)All that being said, I highly recommend reading this book. It's important to know the enemy.
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