Sunday, 25 May 2014

A new economics?

This week I bought an excellent book by economist Ha-Joon Chang  called "Bad Samaritans: Rich Nations, Poor Policies and The Threat to the Developing World". I'm looking forward to reading it, as his other book "23 Things They Don't Tell You About Capitalism" is one of my favourites. On the other hand, I'm feeling somewhat jaded by the effusive comments on the back cover about these new and compelling ideas. I don't want to knock the ideas themselves, but I would contest the concept that they are new.
In fact, for the past 15 years I have campaigned about global injustice based on the evidence through which Christian Aid, WDM and many others have prominently and repeatedly demonstrated that the free market policies and privatisation forced onto poor countries by richer ones damage the countries forced to adopt them.