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Using irreverent wit, an engagingly personal style, and a battery of examples, Chang blasts holes in the "World Is Flat" orthodoxy of Thomas Friedman ...Show synopsisUsing 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.Hide synopsis
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (Brilliance Audio) – Audiobook CD (2007)
by
Ha-Joon Chang, Jim Bond (Read by)
Audiobook CD, Brilliance Audio 2007
English
ISBN: 1423346858 ISBN-13: 9781423346852
With irreverent wit, an engagingly personal style, and a battery of real-life examples, Ha-Joon Chang blasts holes in the ?World Is Flat? orthodoxy of Thomas Friedman and other neo-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 United States to Britain to his native South Korea - all attained prosperity by shameless protectionism and government intervention in ...Show moreWith irreverent wit, an engagingly personal style, and a battery of real-life examples, Ha-Joon Chang blasts holes in the ?World Is Flat? orthodoxy of Thomas Friedman and other neo-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 United States to Britain to his native South Korea - all attained prosperity by shameless protectionism and government intervention in industry. We in the wealthy nations 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 economies are supposed to behave, 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 weaker nations. Bad Samaritans calls on America to return to its abandoned role, embodied in programs like the Marshall Plan, to offer a helping hand, instead of a closed fist, to countries struggling to follow in our footsteps.Hide
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