Economist Ha-Joon Chan on the Myth of the "Free Market"

[Sosa]

http://www.democracynow.org/blog/2010/11/12/economist_ha_joon_chang_on_the_g20_summit_currency _wars_and_why_the_free_market_is_a_myth

[RadioRaheem84]

Ha Joon Chang is an excellent Left-Keynesian, taught at Cambridge by a Marxist professor.

He destroys the myth that a state run enterprise is some how less efficient than a private one. While, I know that my comrades in here would object to such an argument on the grounds that state enterprises are still capitalist, the point is that one piece of free market dogma has been shattered none the less.

Kicking Away the Ladder shows how since the inception of capitalism, nations have been using protectionist measures to secure markets over colonized nations which were subject to pure free market dogmatism. The practice still lingers today.

Bad Samaritans is his most general popular book that trashed any instance of free market fundamentalism from a classical perspective.

All in all, I really do not know why people just do not champion Marx, who wrote about all of this stuff a century and half ago?

[Die Neue Zeit]

Because it's hard to sell "Marxist analysis for the bourgeoisie."