The Myth of Free Trade-2/2

Economist Ha-Joon Chang on "The Myth of Free Trade and the Secret History of Capitalism"

The US government has poured hundreds of billions of dollars into the US economy in the wake of the financial crisis. But what steps are being taken to address the crisis on a global scale? The worldwide financial crisis is forcing some to rethink the neoliberal policies widely blamed for the financial collapse. We speak with University of Cambridge economist Ha-Joon Chang, author of Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism.

Category:

News & Politics

Tags:

• free
• trade
• capitalism
• hajoon
• jang
• neoliberal
• democracy
• now

[allgoo19]

I don't know if I understood this correctly.

"Neo-liberal economic policy" in Europe is equivalent of "Conservative economic policy" in US?

Anyway, he has good points.

[mindbackup]

This one is 2/2, title is erroneous.

[DavidByrne85]

Amy Goodman's voice is unbearable

[brownie1982ad]

@allgoo19 economic issues are social issues.

[brownie1982ad]

@mbcannan Basiclly free markets work? That view is so basic it is wrong.

[brownie1982ad]

@allgoo19 Yes that is correct.

[mbcannan]

Basically free markets work, but i agree the fact is we promote this free market doctrine around the world then domestically we intervene with the free market unscrupulously. To say that we are the richest is just false its like a person saying they are rich because they have the most debt. We are spending other countries real wealth by borrowing it and then paying it back with a fiat currency. Nothing about the US follows free market principles

[toseeornot2see]

you know, at the end of the day, it's not left or right, capitalism or communism - it all boils down to bad policies that favor a set of people and put everybody else in jeopardy.