Saturday, December 19, 2009

Book Review: 5 Big Lies About American Business by Michael Medved


I saw author and radio talk show host
Michael Medved speak on Thursday night in downtown Seattle at an event promoting his latest book, THE 5 BIG LIES ABOUT AMERICAN BUSINESS.

I am a huge fan of Mr. Medved's work and thoroughly enjoy his radio show and his books so this review starts with some inherent bias. Nevertheless, I did appreciate his latest book, although not as much as his previous ones, especially RIGHT TURNS and HOLLYWOOD v. AMERICA, which are just magnificent.

Medved's new book accurately makes the case that the mainstream media and Hollywood are certainly biased against business and the concept of making money. Non-profit work is given higher status in society than for-profit work. Small business is more "American and Apple Pie" than big business. Wealth is somehow "dirty" and those that accumulate it are evil. Remember Balzac's famous quip that "Behind every great fortune is a great crime"? Many take for granted the false perception that the "rich get rich and the poor get poorer" as if wealth creation in the world was a zero sum game.

There is certainly a great deal of analysis and research in this book. Michael Medved never fails if you are looking for substantiation on what he claims. But fundamentally there is not much original thinking or new ground broken here. After reading this book I was left with the conclusion that yes, there are five big lies about American business, but I knew what they were already and I don't have much new evidence to refute them, although I do have a nifty new resource to access when I need to.

Nevertheless, this is still a fun book I completely recommend to you. Michael Medved likes to entertain his readers and not just educate them. If you are looking for a solid treatise on HOW the American left hates American business and does its best to sabotage and undermine the success of American industry and entrepreneurship, this is your book.

If you want to know WHY, well, that's another book I guess. Mr. Medved, please start writing.

Overall, I can't recommend Michael Medved and his work more highly. His daily radio show is lots of fun regardless of your political ideology. You may disagree with him but you can't deny he's a smart, articulate, and funny guy.

Robert J. Abalos, Esq.