Another Fascinating Video from Ha-Joon Chang

I put up a piece yesterday about an interview Owen Jones made with Ha-Joon Chang, a South Korean lecturer in economics at Cambridge. Mr Chang’s the author of 23 Things They Don’t Tell You About Capitalism. He makes it clear in his book that he is not opposed to capitalism, but is very definitely opposed to neoliberal economics, the free market rubbish that has dominated global economic policies at the expense of the poor since Thatcher and Reagan. The book’s well worth reading, if you can find a copy. It’s written for the general reader, and so is written in clear, simple language to make a devastating critique of current economic dogma. He shows how states can make good economic decisions, constructing and managing efficient industries and planning the general economy. The welfare state does not make people lazy, but actually makes them willing to accept change. And western, developed nations are hypocritical and destructive in demanding that the developing world should open their countries up to free trade. He shows very clearly on this point that both Britain, America and the other industrialised nations actually industrialised under a system of very strict protectionism to keep foreign competition out and protect their nascent industries. He also goes on to disprove some of the twaddle that’s been talked about the difficulties Africa faces in industrialisation, such as tribal conflict and the supposed racial or national character of its peoples. He points out that there were also vast ethnic or regional friction in the developed countries of Britain, France, and even Korea, for example, until very recently. As for the supposed laziness of Africans, this was also said in the 19th century of a people, who now have a colossal reputation for hard work: the Japanese. It was also said of the Germans even further back in the 16th century.

Michelle also commented on the piece, and enclosed a link to another of Mr Chang’s videos. She wrote

Several years back when I used to blog I had links to Ha-Joon Chang’s writings, he’s brill! This recent RSA animate video of his perspective is also very much worth a watch, ‘ ‘Economics is for everyone’ (or thinking outside the matrix part one, to go with Beastie’s post): https://www.youtube.com/shared?ci=_a53Qt0ZpsUhttps://www.youtube.com/shared?ci=_a53Qt0ZpsU

When I posted both these links last week, a commentator rightly said “Neoliberalism is not a matrix it’s a crime against humanity.”

I haven’t seen the video, but anything by Chang is bound to be great. And I entirely agree with her last comment. Neoliberal has caused mass suffering across the globe. It is responsible not just for a growing number of impoverished people, both unemployed and in work, in this country, but also for wrecking the economies of whole nations in the Developing World. People are dying of starvation in this country. It’s contributed to mass starvation there. And this has also fuelled political and social unrest, from militant Islamism, to Marxist uprisings and piracy off Somalia and the South China Sea and Indian Ocean. In terms of the magnitude of the suffering it’s caused, it is indeed almost literally a crime against humanity.

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2 Responses to “Another Fascinating Video from Ha-Joon Chang”

  1. Michelle Says:

    Hi Beastie, posting link again, it worked in my comment but seems to be double pasted above, so please try this link instead:
    “Economics is for everyone” is worth watching and its only 10 mins or so: https://www.youtube.com/watch?v=NdbbcO35arw

    Yes, the neoliberal mindset has caused untold suffering but we are persuaded to just accept this as the status quo…it is heart breaking

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