1. FEEBLE CRITIQUES.
- Author
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BHAGWATI, JAGDISH
- Subjects
- *
PUBLISHED reprints , *CAPITALISM , *ECONOMIC development , *POVERTY , *EMPLOYMENT - Abstract
A reprint of the article "Feeble Critiques: Capitalism's Petty Detractors," by Jagdish Bhagwati, which appeared in the fall 2009 issue of "World Affairs," is presented. The author comments on the myths and perceptions on the role of capitalism in the economy. He stresses that the slow economy of anti-capitalists China and India cannot lift their citizens from poverty because economic growth comes from high income and jobs. He also refutes the claims of U.S. labor unions that trading with poor countries will deflate incomes.
- Published
- 2009