[T]hese big shifts ...making people really think about what is more important in our life, and the realization that we are all bound in a common dest… - Ha-Joon Chang

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[T]hese big shifts ...making people really think about what is more important in our life, and the realization that we are all bound in a common destiny... [T]hese things are going to fundamentally influence the way that we design new society after this crisis. ...[A]t the global level ...this has been... an interesting experience because... you see that... there is no clear relationship between a country's level of income and how they have managed this... [T]he US, the UK, countries that used to lecture other countries on how to run their society, what kind of values they should uphold, how to manage the government... [T]hey have been shown to be in complete disarray. ...[T]his will be an opportunity where... a lot of developing countries' people overcome this inferiority complex that imperialism, colonialism and racism have... ingrained in many peoples' minds over the last few centuries. ...[S]o-called superior societies have seen tens of thousands of deaths... Vietnam, Kerala in India, Ethiopia... countries... very very poor, or other societies... have managed to contain this disease. ...[T]his is going to change the way developing country people perceive the so-called advanced countries. What are so advanced about them... when they are willing to... let tens of thousands of people die so that... puffs can make more money.

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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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[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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History shows that, at earlier stages of economic development, corruption is difficult to control. The fact that today no country that is very poor is very clean suggests that a country has to rise above absolute poverty before it can significantly reduce in the system. When people are poor, it is easy to buy their dignity—starving people find it difficult not to sell their votes for a bag of flour, while under-paid civil servants will often fail to resist the temptation to take a bribe. But it is not just a matter of personal dignity. There are also more structural causes.

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