Premium Only Content

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism
One economist has called Ha-Joon Chang "the most exciting thinker our profession has turned out in the past fifteen years." With Bad Samaritans, this provocative scholar bursts into the debate on globalization and economic justice.
Using irreverent wit, an engagingly personal style, and a battery of examples, Chang blasts holes in the "World Is Flat" orthodoxy of Thomas Friedman and other liberal economists who argue that only unfettered capitalism and wide-open international trade can lift struggling nations out of poverty. On the contrary, Chang shows, today's economic superpowers-from the U.S. to Britain to his native Korea-all attained prosperity by shameless protectionism and government intervention in industry. We have conveniently forgotten this fact, telling ourselves a fairy tale about the magic of free trade and-via our proxies such as the World Bank, International Monetary Fund, and World Trade Organization-ramming policies that suit ourselves down the throat of the developing world.
Unlike typical economists who construct models of how the marketplace should work, Chang examines the past: what has actually happened. His pungently contrarian history demolishes one pillar after another of free-market mythology. We treat patents and copyrights as sacrosanct-but developed our own industries by studiously copying others' technologies. We insist that centrally planned economies stifle growth-but many developing countries had higher GDP growth before they were pressured into deregulating their economies. Both justice and common sense, Chang argues, demand that we reevaluate the policies we force on nations that are struggling to follow in our footsteps.
-
10:32
Nikko Ortiz
1 day agoFunniest Fails Of The Month
50.6K6 -
1:27:34
TruthStream with Joe and Scott
4 days agoArchitect Richard Gage: 911 truths and more #482
23K6 -
LIVE
Lofi Girl
2 years agoSynthwave Radio 🌌 - beats to chill/game to
172 watching -
56:48
The HotSeat
12 hours agoI'm NOT Sorry! Guns Aren’t the Problem—Godless Culture Is
27.5K29 -
9:43
The Pascal Show
14 hours ago $0.36 earnedWHOA! Annunciation School Sh**ter Identified... Heartbreaking & Insane
1.7K2 -
22:42
Liberty Hangout
8 hours agoCollege Democrats Say Gangs Are GOOD!
73.8K63 -
2:14:50
Badlands Media
13 hours agoBadlands Media Fantasy Football Live Draft
43.2K -
2:12:29
Inverted World Live
7 hours agoWe Are Time Travelers | Ep. 100
86.1K13 -
2:57:09
TimcastIRL
7 hours agoCorporate Press Refuses To Mention Minneapolis Shooter Was Trans | Timcast IRL
192K101 -
5:26:57
Akademiks
7 hours agoWar in RAT-LANTA. Young Thug vs Gunna vs Ralo vs YSL MONDO. Who Will Le Bebe Pick. FINAL CRASHOUT!
60.1K5