- The Myth of Free Trade and the Secret History of Capitalism
- Narrated by: Jim Bond
- Length: 9 hrs and 20 mins
- Unabridged Audiobook
- Release date: 09-18-08
- Language: English
- Publisher: Brilliance Audio
Regular price: $24.47
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Unlike typical economists who construct models of how economies are supposed to behave, Chang examines the past: what has actually happened. His pungently contrarian history demolishes one pillar after another of free-market mythology. We treat patents and copyrights as sacrosanct - but developed our own industries by studiously copying others' technologies. We insist that centrally planned economies stifle growth - but many developing countries had higher GDP growth before they were pressured into deregulating their economies. Both justice and common sense, Chang argues, demand that we reevaluate the policies we force on weaker nations.
Bad Samaritans calls on America to return to its abandoned role, embodied in programs like the Marshall Plan, to offer a helping hand, instead of a closed fist, to countries struggling to follow in our footsteps.
Customer ReviewsMost Helpful
By Joshua Kim on 06-10-12
Would Be Better As An Article
Would have made an excellent Atlantic article - not enough for a book. It is good that Chang challenges the conventional wisdom of the Washington consensus on free-trade. As an Economist reader I'm happy to my assumptions challenged. The best chapters are routed in history - not argument.
I very much enjoyed hearing a first-hand account of the risk of South Korea, from one of the world's poorest countries to one of the wealthiest - and the policies that allowed this transformation. This story is particularly interesting to me as my in-laws are Korean immigrants. But Chang does not have enough new to say for a whole book, and ends up repeating himself and his argument far too often.
3 of 3 people found this review helpful
By Ginger on 10-20-08
Everyone should have to read this book
If you couple this book with Alan Greenspans book and hold our current economic crisis against them you can easily see where we have failed to apply what we know but instead began to believe our own propaganda.
The only truly successful Free MArket Societies are regulated one. It is not arguable. History simply proves it.
16 of 23 people found this review helpful