Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism
“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... show more
“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 Chomsky Using 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 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, I nternational Monetary Fund, and World T rade Organization—ramming policies that suit ourselves down the throat of the developing world.
Publish date: December 23rd 2008
Pages no: 288
Edition language: English
I fell into deep depression reading this book. Basically, this book haunts me. Everything, every outlook seems so dismal. Why?Before continuing reading this review, you'd better know a bit about myself. I am essentially a child. My dream, until now, is still damn naive: changing the world. I know, I...
Despite an annoying writing style and some egregious typos ("the these," "casualty" for "causality" and "samller" for "smaller," among others), the substance of this book is a cogent dissection of the neo-liberal religion and the obsession with "globalization" that has brought even the giants of the...
I found this book at the new release section in the library. The title looked a little melodramatic to me, but I read the praise for it, and it came from all sorts of people--a Nobel laureate in economics, Noam Chomsky, a Financial Times editor & pro-globalization guy. So I decided to read it, and...