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  I completed this well argued and fact-packed book a little while ago.
  
  I'd recommend it to anyone who wants to understand how the world was led into financial meltdown by an unquestioning belief in the free market and how the state, contrary to the prevailing orthodoxies of the last 25 years, can and should play a role in shaping a nation's economy.
  
  The author shows how, among other things, there is no such thing as the free market, we don't live in a digital world and how higher paid managers don't produce better results.
  
  I found the chapter entitled "Capital has a home" particularly thought-provoking - it sounds like we should be much more worried than we are that foreign companies are taking over our industries and utilities.
  
  It also demonstrates how state intervention can create dynamic and successful industries - the Korean author uses the example of his nation's steel industry, built from scratch in a country of few natural resources by the sheer will and astute planning of the country's government.

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