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Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism by
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Madalena
is 73% done
"(...) culture changes with economic development. (...) Culture is the result, as well as the cause, of economic development. It would be far more accurate to say that countries become ‘hardworking’ and ‘disciplined’ (and acquire other ‘good’ cultural traits) because of economic development, rather than the the other way around."
— Jun 01, 2026 07:47AM
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Madalena
is 43% done
"This is ironic, given that one frequent argument against SOEs is that they are rife with corruption. However, the sad fact is that a government that is unable to control or eliminate corruption in its SOEs is not suddenly going to develop the capacity to prevent corruption when it is privatizing them."
— May 20, 2026 01:05PM
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Madalena
is 28% done
"In recommending free trade to developing countries, the Bad Samaritans point out that all the rich countries have free(ish) trade. This is, however, like people advising the parents of a six-year-old boy to make him get a job, arguing that successful adults don’t live off their parents and, therefore, that being independent must be the reason for their successes."
— May 07, 2026 12:32AM
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Madalena
is 11% done
"So there it was – the self-proclaimed leader of the ‘liberal’ world declaring war on another country because the latter was getting in the way of its illegal trade in narcotics. The truth is that the free movement of goods, people, and money that developed under British hegemony between 1870 and 1913 – the first episode of globalization – was made possible, in large part, by military might rather than market forces"
— May 02, 2026 07:13AM
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