Chang Ha-joon Zitate

Quelle: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 6: 'Windows 98 in 1997; Is it wrong to 'borrow' ideas?', John Law and the first technological arms race, p. 127

Quelle: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 3: 'My six-year-old son should get a job; Is free trade always the answer?', p. 65
Kontext: I have a six-year-old son. His name is Jin-Gyu. He lives off me, yet he is quite capable of making a living. I pay for his lodging, food, education and health care. But millions of children of his age already have jobs. Daniel Defoe, in the 18th century, thought that children could earn a living from the age of four.
Moreover, working might do Jin-Gyu's character a world of good. Right now he lives in an economic bubble with no sense of the value of money. He has zero appreciation of the efforts his mother and I make on his behalf, subsidizing his idle existence and cocooning him from harsh reality. He is over-protected and needs to be exposed to competition, so that he can become a more productive person. Thinking about it, the more competition he is exposed to and the sooner this is done, the better it will be for his future development. It will whip him into a mentality that is ready for hard work. I should make him quit school and get a job. Perhaps I could move to a country where child labour is still tolerated, if not legal, to give him more choice in employment.

Quelle: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 3, More trade, fewer ideologies, p. 83
Kontext: The importance of international trade for economic development cannot be overemphasized. But free trade is not the best path to economic development. Trade helps economic development only when the country employs a mixture of protection and open trade, constantly adjusting it according to its changing needs and capabilities. Trade is simply too important for economic development to be left to free trade economists.

Quelle: Economics: The User's Guide (2014), Ch. 4: "Let a hundred flowers bloom: How to 'do' economics"
Kontext: ECONOMICS COCKTAILS. Ingredients: Austrian, Behaviouralist, Classical, Developmentalist, Institutionalist, Keynesian, Marxist, Neoclassical and Schumpeterian. [... ] Health warning: On no account drink only one ingredient – liable to lead to tunnel vision, arrogance and possibly brain death.

Quelle: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 6, The tyranny of interlocking patents, p. 128
Kontext: 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.

Quelle: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 2, Learning the right lessons from history, p. 61
Kontext: 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.

Quelle: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 7, Keynesianism for the rich, monetarism for the poor, p. 158
Kontext: 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.

Quelle: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 9, Defying the market, p. 210
Kontext: Markets have a strong tendency to reinforce the status quo. The free market dictates that countries stick to what they are already good at. Stated bluntly, this means that poor countries are supposed to continue with their current engagement in low-productivity activities. But their engagement in those activities is exactly what makes them poor. If they want to leave poverty behind, they have to defy the market and do the more difficult things that bring them higher incomes—there are no two ways about it.

Prologue, p. 17
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
Kontext: Britain and the US are not the homes of free trade; in fact, for a long time they were the most protectionist countries in the world. Not all countries have succeeded through protection and subsidies, but few have done so without them. For developing countries, free trade has a rarely been a matter of choice; it was often an imposition from outside, sometimes even through military power. Most of them did very poorly under free trade; they did much better when they used protection and subsidies. The best-performing economies have been those that opened up their economies selectively and gradually. Neo-liberal free-trade free-market policy claims to sacrifice equity for growth, but in fact it achieves neither; growth has slowed down in the past two and a half decades when markets were freed and borders opened.

Quelle: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 8, Democracy and the free market, p. 172
Kontext: 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'. Naturally, the former gives equal weight to each person, regardless of the money she/he has. The latter give greater weight to richer people. Therefore, democratic decisions usually subvert the logic of market.

Quelle: 23 Things They Don't Tell You About Capitalism

Quelle: 23 Things They Don't Tell You About Capitalism

Quelle: 23 Things They Don't Tell You About Capitalism

Quelle: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 3, More trade, fewer ideologies, p. 82

Thing 16
23 Things They Don't Tell You About Capitalism (2010)

Quelle: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 9, Tilting the playing field, p. 219

Prologue, p. 18
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
Variante: Corruption often exists because there are too many market forces, not too few.

"Watch out, George Osborne: Smith, Marx and even the IMF are after you" http://www.theguardian.com/commentisfree/2013/may/08/osborne-marx-imf-austerity-democracy, The Guardian, 8 May 2013.

"Kicking Away the Ladder" http://www.paecon.net/PAEReview/issue15/Chang15.htm, post-autistic economics review, issue no. 15, 1 September 2002, article 3

Prologue, p. 15
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

Prologue, p. 18
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

Thing 5
23 Things They Don't Tell You About Capitalism (2010)

Quelle: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 5, Black cat, white cat, p. 121

Quelle: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 8, Democracy and the free market, p. 176

Quelle: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 6, The lawyers get involved, p. 134

Thing 22
23 Things They Don't Tell You About Capitalism (2010)

Quelle: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 8: 'Zaire vs Indonesia, Should we turn our backs on corrupt and undemocratic countries?', Prosperity and honesty, p. 166

Lecture http://www.youtube.com/watch?v=whVf5tuVbus at the RSA about his book 23 Things They Don't Tell You About Capitalism, September 2010.

Quelle: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 7, There is inflation and there is inflation, p. 150