BAD SAMARITANS Author Dr. Ha-Joon Chang

“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, International Monetary Fund, and World Trade Organization—ramming policies that suit ourselves down the throat of the developing world.

See this critics about the book:

“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.  He goes on to provide sensible and constructive proposals, solidly based on economic theory and historical evidence, as to how the global economy could be redesigned to proceed on a far more humane and civilized course.  And his warnings of what might happen if corrective action is not taken are grim and apt.” – Noam Chomsky

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See This post in spanish language mitos-y-verdades-sobre-el-capitalismo

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