In this stunningly original reinterpretation of the New World, Grandin reveals how the United States …
Prébisch thought the rich world’s orthodox economists “scholastic,” working from a false first premise: that a free market funded by private capital would lead to an equitable balance of supply and demand, prices and wages. That first erroneous idea, accepted as writ, gave rise to ever more fantastical follow-up assertions bearing little relationship to the way the world works. They were used to justify, not explain, inequality, thus becoming “ideological weapons.”