"What is Wrong with the 'Official History of Capitalism'?", in Edward Fullbrook (ed.), A Guide to What's Wrong with Economics (2004), p. 280
“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.”
Prologue, p. 16
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
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Ha-Joon Chang 44
Economist 1963Related quotes
Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 2, Learning the right lessons from history, p. 61
Context: 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.
“The historical debate is over. The answer is free-market capitalism.”
[The Lexus and the Olive Tree: Understanding Globalization, 1st edition, May 2, 2000, Anchor, ISBN 0-3854-9934-5, The Golden Straitjacket]
"Kicking Away the Ladder" http://www.paecon.net/PAEReview/issue15/Chang15.htm, post-autistic economics review, issue no. 15, 1 September 2002, article 3
Ch. VII : The Economic, Social, and Political Consequences of Interventionism § 1. The Economic Consequences https://fee.org/resources/interventionism-an-economic-analysis-2#economic
Interventionism: An Economic Analysis https://fee.org/resources/interventionism-an-economic-analysis/ (1940)
Context: The unhampered market economy is not a system which would seem commendable from the standpoint of the selfish group interests of the entrepreneurs and capitalists. It is not the particular interests of a group or of individual persons that require the market economy, but regard for the common welfare. It is not true that the advocates of the free-market economy are defenders of the selfish interests of the rich. The particular interests of the entrepreneurs and capitalists also demand interventionism to protect them against the competition of more efficient and active men. The free development of the market economy is to be recommended, not in the interest of the rich, but in the interest of the masses of the people.
“We all too often have socialism for the rich and rugged free market capitalism for the poor.”