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POPSThe Lies Behind 'Free Trade' This book on disastrous trade policies makes clear that it's time to dismantle the barriers that keep so much of the world so poor. Neoliberalism is a rerun of what economists suffering from "historical amnesia" believe were the key characteristics of the international economy in the golden age of liberalism (1870-1913). The Third World was not always poor and economically stagnant. Throughout the golden age of capitalism, from the Marshall Plan (1947) to the first oil shock (1973), the United States was a Good Samaritan and helped developing countries by allowing them to protect and subsidize their nascent industries. forced to adopt neoliberal policies and to open their economies to much more powerful foreign competitors on unequal terms, their growth rate fell to less than half of that recorded in the 1960s . Apologists for neoliberalism have also revived an old 19th century and neo-Nazi explanation for developmental failure - namely, culture.
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