[N]ow the UK government is... paying 80% of salaries of millions of workers, although this is supposed to wind down over time. ...[T]he German govern… - Ha-Joon Chang
" "[N]ow the UK government is... paying 80% of salaries of millions of workers, although this is supposed to wind down over time. ...[T]he German government ...so famous for , basically abolished this law that put the ceiling on public debt because... the German government realized that they... cannot manage this... in compliance with that law... Many governments are... subsidizing, and lending at subsidized interest rates... [to] many many companies. Some governments are talking about issuing [s] with the negative interest rate... Every conventional wisdom in the neoliberal playbook has been... destroyed.
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About Ha-Joon Chang
(Hangul: 장하준; hanja: 張夏准; born 7 October 1963) is a South Korean institutional economist specialising in . Currently a reader in the Political Economy of Development at the University of Cambridge, Chang is the author of several widely discussed policy books, most notably Kicking Away the Ladder: Development Strategy in Historical Perspective (2002). In 2013 Prospect magazine ranked Chang as one of the top 20 World Thinkers.
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[T]his is what's happening in the US. ...The US spends 17% of GDP on health care, compared to 8-12% in other advanced countries, and it has the worst health record in the rich world. ...Part of it is ...because of greater inequality, but a lot of it is because... the treatments are expensive. That COVID-19 test which you can get for free in South Korea, in some American communities, you have had to pay $3,000...
The historical picture is clear. ing was not invented in modern Asia. When they were backward themselves in terms of knowledge, all of today's rich countries blithely violated other people's patents, s and copyrights. The Swiss 'borrowed' German chemical inventions, while the Germans 'borrowed' English trademarks and the 'borrowed' British copyrighted materials—all without paying what would today be considered 'just' compensation.
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