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

'Lucid, deeply informed, and enlivened with striking illustrations.' -Noam Chomsky One economist has called Ha-Joon Chang 'the most exciting thinker our profession has turned out in the past fifteen years.' With Bad Samaritans, this provocative scholar bursts into the debate on globalization and economic justice. 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