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Quotes from Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism — Ha-Joon Chang

born 1963 South Korea

← All quotes by Ha-Joon Chang

25 quotes

Trade is simply too important for economic development to be left to free trade economists.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

The foundation of economic development is the acquisition of more productive knowledge.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

Corruption exists because there is too much, not too little, market.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

Are you still convinced that inflation is incompatible with economic success?

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

Not all countries have succeeded through protection and subsidies, but few have done so without them.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

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)

Countries are poor not because their people are lazy; their people are 'lazy' because they are poor.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

Low inflation and government prudence may be harmful for economic development.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

Democracy is acceptable to neo-liberals only in so far as it does not contradict the free market.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

Corruption often exists because there are too many market forces, not too few.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

Culture changes with economic development.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

History is on the side of the regulators.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

The history of capitalism has been so totally re-written that many people in the rich world do not perceive the historical double standards involved in recommending free trade and free market to developing countries.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

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)

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)

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)

Attribution

Quotes and notes from Wikiquote: Ha-Joon Chang (page history), available under CC BY-SA 4.0.