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The 5 Big Lies About American Business: Combating Smears Against the Free-Market Economy Paperback – November 2, 2010

2.8 out of 5 stars 6 customer reviews

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Editorial Reviews

About the Author

MICHAEL MEDVED’s daily three-hour radio program, The Michael Medved Show, reaches more than four million listeners on more than two hundred stations coast to coast. He is the author of eleven other books, including the bestsellers The 10 Big Lies About America, Hollywood vs. America, Hospital, and What Really Happened to the Class of ’65?, and is a member of USA Today ’s board of contributors. For more than a decade he cohosted Sneak Previews, PBS’s weekly movie review show. An honors graduate of Yale, Medved lives with his family in the Seattle area.


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Product Details

  • Paperback: 272 pages
  • Publisher: Crown Forum (November 2, 2010)
  • Language: English
  • ISBN-10: 0307587479
  • ISBN-13: 978-0307587473
  • Product Dimensions: 5.2 x 0.6 x 7.9 inches
  • Shipping Weight: 7.8 ounces (View shipping rates and policies)
  • Average Customer Review: 2.8 out of 5 stars  See all reviews (6 customer reviews)
  • Amazon Best Sellers Rank: #1,947,526 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Kindle Edition
I love Michael's work but I'm a Kindle addict and if the title is available in Kindle, then I will only buy it for my Kindle. Having all of my books on the tablet is too convenient to forgo. However, Crown Publishing puts me in a pickle by charging %48 above the going rate of $9.99 for a newly released book. It's not a matter of the $4.84, it's a matter of proportion. I've passed over this particular title for 4 others since it came out and I'm now about to purchase two more books. I checked in here to see if they've come to their senses but, alas, they insist on curbing sales on the Kindle version of this book so I'm going to download the other two. I'll check back in a month because I really want to read past the sample chapter of this book!
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While there is little, if any, new ground established in this book, Medved does a nice job of compiling other people's research to substantiate his beliefs, and mine, in the prowess of market driven economics.
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During the financial crisis of 2008 and its attendant recession, many in America and around the world denounced our capitalist system--they posited that capitalism causes more misery than progress and that the U.S. should move toward a system with much greater state intervention.

The free-market system needed persuasive defenders in the aftermath of the panic, and Michael Medved stepped up to the plate by writing "The 5 Big Lies About American Business." The Left asserted then that the 2008-09 downturn meant the death of capitalism, and commonly asserts that when the rich get richer, the poor get poorer; that business executives are overpaid and corrupt; that big business is bad and small business is good; and that government is more fair and reliable than business. In this volume, Medved ably demolishes these leading calumnies launched against American business and capitalism.

Medved uses numerous examples from U.S. history to make his points, as when he asserted that it was our economic strength that led in great part to our past military successes. And if it is true that when the rich get richer the poor get poorer, how have living standards improved unimaginably for all Americans, not just the rich, since the end of the eighteenth century?

As the author states, to succeed in business, businessmen must deliver a needed or desired service at a fair price--and when they do, jobs are created for millions, new products and technologies are created, living standards skyrocket, and the society becomes more prosperous and powerful.
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