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A comment on Economists are now admitting that they were wrong about globalization. Parent comment

Re:Economists are now admitting that they were wrong about g... by armitron on Friday October 25, 2019 @05:21PM (#21359359)
This x1000.

Everybody interested in economics should read Ha-Joon Chang and study the South Korean phenomenon. Those who haven't and still feel obliged to put down their 2 cents praising free trade / markets are talking out of their asses.

The fact that people are still willing to listen to Krugman (even this FP article is sympathetic) rather than cast him out as a colossal buffoon - not quite Alan Greenspan status but close - whilst geniuses like HJC wallow in relative obscurity is beyond sad.

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Re:Economists are now admitting that they were wrong about g... by pas on Monday November 04, 2019 @05:31AM (#21440360)
HJC is a crackpot :(

Basically he argues using survivor bias. All the countries that tried to pick the winners (support X industry) and levy high tariffs but did not make it are simply not discussed.

https://eh.net/book_reviews/kicking-away-the-ladder-developm...

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Re:Economists are now admitting that they were wrong about g... by drtillberg on Friday October 25, 2019 @07:44PM (#21360341)
For the life of me I can't understand his prominence either. He seems profoundly lost and misguided, so much I take even his mea culpa with a grain of salt. I only can imagine that someone important considers him to be a useful idiot.
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