“Between the Great Depression and the 1970s, private business was viewed with suspicion even in most capitalist economies.Businesses were, so the story goes, seen as anti-social agents whose profit-seeking needed to be restrained for other, supposedly loftier, goals, such as justice, social harmony, protection of the weak and even national glory.”

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Originally said in English.

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About Ha-Joon Chang

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"Between the Great Depression and the 1970s, private business was view…" — Ha-Joon Chang | Daily Quotes