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.
-
57:37
TheWarAgainstYou
8 months agoTechno-Feudalism: American Big Tech Has Enslaved Us. Aaron Bastani Meets Yanis Varoufakis
3.38K2 -
2:49:30
Luke Ford
1 year ago23 Things They Don't Tell You About Capitalism By Ha-Joon Chang (6-29-18)
34 -
2:01:20
citizensean
1 year agoConceptualizing Capitalism
6 -
5:08
InfoWars/Newswars
1 year agoGlobalization, Not Globalism: Free Trade versus Destructive Statist Ideology
52 -
51:06
The Bad Crypto Podcast & The Nifty Show
1 year agoUncovering Capitalism’s Corruption with Raymond Baker
16 -
5:35
kalaboukis
3 years ago22 THE TRUTH: Socialism is THEFT, Capitalism is TRADE
691 -
22:49
Libertarian Scot
3 years agoCommon Myths About Capitalism: Refuting Hakim
119 -
20:37
Talks With Kenny
1 year agoHow Capitalism Improves Living Standards | Capitalism Myths: Final Reaction
47 -
13:05
Melissa 'Splains The Classics
1 year agoAdam Smith Changed My Mind About Capitalism
56 -
5:44
John Stossel
11 months agoCapitalism Myths: Part 2
14.7K19