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

ISBN: 9781596915985 | 1596915986
Edition: Reprint
Format: Paperback
Publisher: Bloomsbury Press
Pub. Date: 12/23/2008

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"Lucid, deeply informed, and enlivened with striking illustrations, this penetrating study could be entitled 'Economics in the Real World.' Chang reveals the yawning gap between standard doctrines concerning economic development and what really has taken place from the origins of the industrial revolution until today. His incisive analysis shows how, and why, prescriptions based on reigning doctrines have caused severe harm, particularly to the most vulnerable and defenseless, and are likely to continue to do so."Noam ChomskyUsing irreverent wit, an engagingly personal style, and a battery of examples, Chang blasts holes in the "World I s Flat" orthodoxy of T homas 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 superpowersfrom the U .S. to Britain to his native Koreaall 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 andvia our proxies such as the World Bank, I nternational Monetary Fund, and World T rade Organizationramming policies that suit ourselves down the throat of the developing world.


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