“Lucid, deeply knowledgeable, and enlivened with putting illustrations.” -Noam Chomsky
One economist has known as Ha-Joon Chang “essentially the most thrilling thinker our career has turned out prior to now fifteen years.” With Dangerous Samaritans, this provocative scholar bursts into the talk on globalization and financial justice.
Utilizing irreverent wit, an engagingly private model, and a battery of examples, Chang blasts holes within the “World Is Flat” orthodoxy of Thomas Friedman and different liberal economists who argue that solely unfettered capitalism and wide-open worldwide commerce can raise struggling nations out of poverty. Quite the opposite, Chang reveals, in the present day’s financial superpowers-from the U.S. to Britain to his native Korea-all attained prosperity by shameless protectionism and authorities intervention in trade. We have now conveniently forgotten this reality, telling ourselves a fairy story concerning the magic of free commerce and-via our proxies such because the World Financial institution, Worldwide Financial Fund, and World Commerce Group-ramming insurance policies that swimsuit ourselves down the throat of the creating world.
In contrast to typical economists who assemble fashions of how {the marketplace} ought to work, Chang examines the previous: what has really occurred. His pungently contrarian historical past demolishes one pillar after one other of free-market mythology. We deal with patents and copyrights as sacrosanct-but developed our personal industries by studiously copying others’ applied sciences. We insist that centrally deliberate economies stifle growth-but many creating nations had greater GDP progress earlier than they had been pressured into deregulating their economies. Each justice and customary sense, Chang argues, demand that we reevaluate the insurance policies we power on nations which can be struggling to observe in our footsteps.
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