Almost all of today's rich countries used protection and subsidies to develop their industries. Interestingly, Britain and the USA, the two countries… - Ha-Joon Chang

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Almost all of today's rich countries used protection and subsidies to develop their industries. Interestingly, Britain and the USA, the two countries that are supposed to have reached the summit of the world economy through their free-market, free-trade policy, are actually the ones that had most aggressively used protection and subsidies.

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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]he few changes that this crisis has brought about... their consequences, and what countries do in order to deal with them will depend on how long this crisis continues, and how effective the solution[s]... are likely to be. These are things that I don't have the expertise to predict: ...When is the vaccine coming out ...if there will be an effective cure..? [I]s there going to be a similar outbreak? ...I'm just ...assuming that this crisis will probably last another two, three, maybe five years... [A] lot of society will try to go back to the pre-pandemic way as much as possible, but... if we are going to be—even if we wanted—able to go back to the old ways... it will take a few years.

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In the US... because it has a very weak welfare state and weak , a lot of workers... couldn't take sick leave if they were ill, because if they don't work they don't get paid. ...[T]hese people had to go out... contributing to the spread of this disease... [W]hen something like this happens, it's not like... some fancy cancer drug... very expensive, and only rich people can buy and perhaps survive... [and] everyone else dies... Even if you are the most powerful, the richest people, you cannot avoid this thing, and... taking collective action to slow down the spread of disease... has made very important differences...

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