In Defense of Global Capitalism

Preface 7(12) I. Every day in every way... 19(44) The half truth 20(5) Poverty reduction 25(6) Hunger 31(5) Education 36(2) Democratization 38(5) Oppression of women 43(4) China 47(4) India 51(3) Global inequality 54(6) Reservations 60(3) II. ...and it's no coincidence 63(50) That's capitalism for you! 64(8) Growth-a blessing 72(12) Freedom or equality? Why choose? 84(6) Property rights-for the sake of the poor 90(9) The East Asian "miracle" 99(5) The African morass 104(9) III. Free trade is fair trade 113(38) Mutual benefit 114(6) Important imports 120(8) Free trade brings growth 128(8) No end of work 136(9) Freedom of movement-for people as well 145(6) IV. The development of the developing countries 151(40) An unequal distribution-of capitalism 152(4) The white man's shame 156(7) The case of Latin America 163(6) On the trade route 169(4) "Let them keep their tariffs" 173(4) The debt trap 177(9) The right medicine 186(5) V. Race to the top 191(48) I'm all for free trade, but ... 192(6) Child labor 198(5) But what about us? 203(7) Big is beautiful 210(14) "Gold and green forests" 224(15) VI. Irrational, international capital? 239(38) The leaderless collective 240(9) Regulate more? 249(4) Tobin tax 253(6) The Asian crisis 259(5) Instead of crisis 264(4) The "dictatorship of the market 268(9) VII. Liberalize, don't standardize 277(16) The right to choose a culture 278(8) The onward march of freedom 286(7) Notes 293(14) Index 307