46 quotes
Counterfeiting was not invented in modern Asia.
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
Financial markets need to become less, not more, efficient.
Manufacturing is the most important...route to prosperity.
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
The technological 'arms race', between backward countries trying to acquire advanced foreign knowledge and the advanced countries trying to prevent its outflow has always been at the heart of the game of economic development.
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them.
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
Health warning: On no account drink only one ingredient – liable to lead to tunnel vision, arrogance and possibly brain death.
Economics: The User's Guide (2014)
Unlike what neo-liberals say, market and democracy clash at a fundamental level. Democracy runs on the principle of 'one man (one person), one vote'. The market runs on the principle of 'one dollar, one vote'.
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
95 per cent of economics is common sense made complicated, and even for the remaining 5 per cent, the essential reasoning, if not all the technical details, can be explained in plain terms.
Every conventional wisdom in the neoliberal playbook has been... destroyed.
How to build a new society after the Covid 19 crisis (2020)
Rich countries have 'kicked away the ladder' by forcing free-market, free-trade policies on poor countries. Already established countries do not want more competitors emerging through the nationalistic policies they themselves successfully used in the past.
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
Gore Vidal, the American writer, once described the American economic system as 'free enterprise for the poor and socialism for the rich'. Macroeconomic policy on the global scale is a bit like that. It is Keynesianism for the rich countries and monetarism for the poor.
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
The US spends 17% of GDP on health care, compared to 8-12% in other advanced countries, and it has the worst health record in the rich world.
How to build a new society after the Covid 19 crisis (2020)
We have to keep pushing... otherwise the people in power are not going to do that.
How to build a new society after the Covid 19 crisis (2020)
Opportunity is literally what it is called... [I]f you don't make something out of it, it's not going to produce anything by itself.
How to build a new society after the Covid 19 crisis (2020)
I try to explain... how to think, rather than what to think.
Economics: The User's Guide (2014)
The days are over when technology can be advanced in laboratories by individual scientists alone. Now you need an army of lawyers to negotiate the hazardous terrain of interlocking patents. Unless we find a solution to the problem of interlocking patents, the patent system may actually impede the very innovation it was designed to encourage.
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
Milton Friedman and Friedrich von Hayek were supportive of universal basic income.
How to build a new society after the Covid 19 crisis (2020)
I ...don't understand how, in the UK... US... Brazil, people think it is OK to have hundreds of people die every day, if not thousands.
How to build a new society after the Covid 19 crisis (2020)
What are so advanced about them... when they are willing to... let tens of thousands of people die so that... puffs can make more money.
How to build a new society after the Covid 19 crisis (2020)