Gore Vidal, the American writer, once famously described the American economic system as 'free enterprise for the poor and socialism for the rich'.
by Ha-Joon Chang
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Gore Vidal's poignant observation highlights a stark contrast in how economic systems benefit different social classes in America. He suggests that while the poor face a free market that often leaves them vulnerable and struggling, the wealthy enjoy social protections and bailouts that are typically associated with socialist policies. This disparity points to a systemic imbalance that favors the affluent, who, unlike the economically disadvantaged, can rely on government support to maintain their wealth and status.

In "Bad Samaritans," Ha-Joon Chang delves deeper into these themes, illustrating how rich nations exploit poorer countries while protecting their own interests through interventions. By examining the structures of global capitalism, Chang argues that the rules are often designed to benefit wealthy nations at the expense of equitable growth worldwide. The perspective put forth by Vidal resonates with Chang's critique, emphasizing the need for a more just economic system that addresses the needs of all societal strata.

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