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.

— Ha-Joon Chang Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

More quotes by Ha-Joon Chang

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

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

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

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

Quote text and notes from Wikiquote: Ha-Joon Chang (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.