95% Of Economics Is Common Sense Deliberately

As South Korea Shows, Active Participation In International Trade Does Not Require Free Trade. Indeed, Had South Korea Pursued Free Trade And Not Promoted Infant Industries, It Would Not Have Become A Major Trading Nation. It Would Still Be Exporting Raw Materials (e.g., Tungsten Ore, Fish, Seaweed) Or Low-technology, Low-price Products (e.g., Textiles, Garments, Wigs Made With Human Hair) That Used To Be Its Main Export Items In The 1960s.

Financial Markets Need To Become Less, Not More, Efficient.

The Free Market Doesn't Exist. Every Market Has Some Rules And Boundaries That Restrict Freedom Of Choice. A Market Looks Free Only Because We So Unconditionally Accept Its Underlying Restrictions That We Fail To See Them.

The Best Way To Boost The Economy Is To Redistribute Wealth Downward, As Poorer People Tend To Spend A Higher Proportion Of Their Income.

The History Of Capitalism Has Been So Totally Re-written That Many People In The Rich World Do Not Perceive The Historical Double Standards Involved In Recommending Free Trade And Free Market To Developing Countries.