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.
-
58:10
Kimberly Guilfoyle
6 hours agoAmerica is Back & The Future is Bright: A Year in Review | Ep. 183
38.4K30 -
3:03:27
vivafrei
11 hours agoEp. 242: Barnes is BACK AGAIN! Trump, Fani, J6, RFK, Chip Roy, USS Liberty AND MORE! Viva & Barnes
86.2K33 -
8:09:50
Dr Disrespect
9 hours ago🔴LIVE - DR DISRESPECT - MARVEL RIVALS - GOLD VANGUARD
154K28 -
1:15:00
Awaken With JP
8 hours agoMerry Christmas NOT Happy Holidays! Special - LIES Ep 71
114K102 -
1:42:21
The Quartering
9 hours agoTrump To INVADE Mexico, Take Back Panama Canal Too! NYC Human Torch & Matt Gaetz Report Drops!
98.9K89 -
2:23:15
Nerdrotic
9 hours ago $10.81 earnedA Very Merry Christmas | FNT Square Up - Nerdrotic Nooner 453
77K6 -
1:14:05
Tucker Carlson
9 hours ago“I’ll Win With or Without You,” Teamsters Union President Reveals Kamala Harris’s Famous Last Words
161K313 -
1:58:31
The Dilley Show
9 hours ago $31.79 earnedTrump Conquering Western Hemisphere? w/Author Brenden Dilley 12/23/2024
131K33 -
1:09:59
Geeks + Gamers
10 hours agoSonic 3 DESTROYS Mufasa And Disney, Naughty Dog Actress SLAMS Gamers Over Intergalactic
88.3K20 -
51:59
The Dan Bongino Show
11 hours agoDemocrat Donor Admits The Scary Truth (Ep. 2393) - 12/23/2024
831K2.72K