Guardians of Grail

cheapbag214s · Posted: Sat 18:26, 24 Aug 2013 Post subject: Samaritans and of free trade

Samaritans and of free trade,[link widoczny dla zalogowanych]
Bad SamaritansThe Myth of Free Trade and the Secret History of CapitalismBy BLOOMSBURY PRESS; 276 PAGES; $26.95The people referred to in the title of Ha-Joon Chang's book, "Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism," are advisers from rich nations who tell poor countries to embrace free-trade policies that rich nations themselves never practiced. Quoting a 19th century German economist on the British, Chang writes that today's rich nations are effectively "kicking away the ladder . in order to deprive others of the means of climbing up" after them. But the history of capitalism has been so thoroughly rewritten, Chang says, that most of these "Bad Samaritans" suffer a form of "historical amnesia" and "do not even realize that they are hurting the developing countries with their policies."
columnist comes in for prime attention from Chang as "Amnesiac-in-Chief,[link widoczny dla zalogowanych]," as the very title of his best-selling homage to free trade,[link widoczny dla zalogowanych], "The ," betrays his ignorance of even the not-so-distant past. Friedman wrote that it was a visit to a Toyota Lexus factory in Japan that got him thinking about the importance of weaning the undeveloped world from arguing "over who owns which olive tree" (which is how he characterized matters in the Middle East),[link widoczny dla zalogowanych], and onto a path that might one day allow them to produce luxury cars. He concluded that these countries will need to fit themselves into the "Golden Straitjacket," a regimen of privatization,[link widoczny dla zalogowanych], free trade and low government spending otherwise known as the "Washington Consensus." The path is "not always pretty or gentle or comfortable. export attempts in 1958. Yet Japan persevered in its support of the industry,[link widoczny dla zalogowanych], with the result that "today, Japanese cars are considered as 'natural' as Scottish salmon or French wine,[link widoczny dla zalogowanych]," but "[h]ad the country donned Friedman's Golden Straitjacket early on, Japan would have remained the third-rate industrial power that it was in the 1960s, with its income on a par with Chile,[link widoczny dla zalogowanych], Argentina and South Africa. . In other words . the Japanese would now not be exporting the Lexus but still be fighting over who owns which mulberry tree."
As Chang describes the way it really was,[link widoczny dla zalogowanych], you realize how amazing it is that free market ideologues have been able to shoehorn Great Britain into a free-trade version of world history, given that it rose to economic dominance while building a world empire.
"The truth,[link widoczny dla zalogowanych]," he writes, "is that the free movement of goods,[link widoczny dla zalogowanych], people, and money that developed under British hegemony between 1870 and 1913 - the first episode of globalization - was made possible, in large part, by military might, rather than market forces." And this period of imperial free trade followed long years of high tariffs and careful protection and nurturing of selected British industries, including the banning of superior textile imports from India, blocking the Irish wool industry from exporting to foreign nations, and prohibiting the American iron industry from competing with the mother country. In 2002,[link widoczny dla zalogowanych], according to Chang,
"[M]arket and democracy clash at the fundamental level,[link widoczny dla zalogowanych]," Chang writes. "Democracy runs on the principle of 'one man (one person),[link widoczny dla zalogowanych], one vote.' The market runs on the principle of 'one dollar, one vote.' " Chang's point may seem obvious, yet it is one infrequently made, due, presumably, to the power of wealthy individuals and nations. But just as obvious is Chang's conclusion that if developing countries "want to leave poverty behind" and nurture their fledgling industries just as today's rich nations once did,[link widoczny dla zalogowanych], "they have to defy the market."
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