CSPAN2 Booknotes March 21, 2015
What problem . Well the book is about most americans tend to assume that markets and deo assume that markets and democracy naturally go together. And the thesis of the book is that in countries with what i call a marketdominant minority, markets and democracy are not mutually reinforcing because markets and democracy basically benefit different ethnic groups. So take indonesia as an illustration. Free market policies in the 1980s and 1990s led to a situation in which the country`s tiny, 3 percent chinese minority controlled an astounding 70 percent of the country`s private economy. The introdu...
Source: archive.org
