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

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Using irreverent wit, an engagingly personal style, and a battery of examples, Chang blasts holes in the “World Is Flat” orthodoxy of Thomas 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.

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ISBN: 9781596915985
Publisher: Bloomsbury Publishing
Language: English
Page Count: 276
Size: 8.30" l x 5.52" w x 0.82"
Series: N/A