Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

Ha-Joon Chang

"Lucid, deeply knowledgeable, and enlivened with amazing illustrations, this penetrating research can be entitled ‘Economics within the actual World.' Chang unearths the yawning hole among usual doctrines pertaining to fiscal improvement and what particularly has taken position from the origins of the commercial revolution until eventually at the present time. His incisive research exhibits how, and why, prescriptions in response to reigning doctrines have prompted serious damage, rather to the main susceptible and defenseless, and are inclined to proceed to do so."―Noam Chomsky

Using irreverent wit, an engagingly own variety, and a battery of examples, Chang blasts holes within the "World I s Flat" orthodoxy of T homas Friedman and different liberal economists who argue that in basic terms unfettered capitalism and wide-open foreign exchange can raise suffering countries out of poverty. to the contrary, Chang indicates, contemporary fiscal superpowers―from the U .S. to Britain to his local Korea―all attained prosperity by means of shameless protectionism and executive intervention in undefined. we've got very easily forgotten this truth, telling ourselves a fairy story concerning the magic of unfastened alternate and―via our proxies corresponding to the area financial institution, I nternational financial Fund, and international T rade Organization―ramming regulations that go well with ourselves down the throat of the constructing world.

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