[F]inally... this crisis has made us realize that... unless everyone is safe, no one is safe... - Ha-Joon Chang
" "[F]inally... this crisis has made us realize that... unless everyone is safe, no one is safe...
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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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The standard Neoclassical definition of economics... is... by Lionel Robbins... 'the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses'... [is] by... theoretical approach rather than... subject matter... a study of rational choice... deliberate, systematic ... The subject of the calculation can be anything...
[W]e will need to rethink our priorities... not just at the individual level, but at the social level... In Britain we had these weird Thursday evenings... when we clapped for the NHS workers while the government was not willing to pay even a single more penny to them. That kind of thing has to change... We need to have the confidence to say that "Yes, there are things that are more fundamental, that are more important, that are not necessarily going to be rewarded by the market, and... the society has to find a way to make... [those] people... more rewarded, including... people who do unpaid care work at home." We need to rethink the ... [A] lot of scientists say... [as] an inevitable consequence of human encroachment in nature, we need to rethink our balance with nature, part of which is... that due to the unequal nature of many of our societies... There are a lot of countries where you have these farmers doing... and... encroaching into nature when there are fallow lands that are owned by s. So we need to rethink all these priorities...
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<nowiki>[</nowiki>Capitalism...] [I]t's not how it will change, but how we have to change it... because given the existing , and power, unless the ordinary citizens and the progressive people get organized and press the governments, they are not going to change things automatically. ...We've seen that after the 2008 financial crisis... so for about... 9 months they embraced Keynes... and then the bailed out banks [etc]... and they were going to reform the financial system... After 2 years it was... back to the old game... and then things got even worse because... in some countries like the US and the UK... the right-wing governments were elected, and then... in the US... Donald Trump... invalidated many of the reforms that were introduced to the financial market, after Obama, after the crisis... [I]f we don't keep fighting it's not going to change... [T]here are new opportunities and new solidarities emerging... new ways of thinking, but... how they all will gel together and translate into collective action, public policies, institutional changes, that's... up to us. Everyone.
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