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/ Opinion/ ColumnistsDefinitely not the best of timesUpdated: 2013-08-05 09:13By Op Rana ( China Daily)Comments Print Mail Large Medium  SmallIt was the best of times, it was the worst of times, wrote Charles Dickens about the cities of London and Paris, more than a century and half ago. And yet it describes the world we live in today.It is indeed the best of times for some – the rich – and the worst of times for everyone else, especially the poor. This is the age of wisdom, thanks to the all-round advancement weve made – from science and technology to economics and sociology – and yet it is also the age of foolishness, as is evident in the way we use our vast treasure of knowledge. There is every reason for us to believe in the future and there is every reason for us to live in suspended disbelief given the way the self-appointed masters of our destiny are treating the world. There is light, and only light, for a “chosen” few and there is nothing but darkness for the rest. And there is hope and heaven only for those “chosen” few. The rest have nothing but despair and.The “masters of wisdom”, the economists, never had it so good. Of course, they have been deciding the fate of trade and business since the days of Adam Smith. And of course, John Maynard Keynes had his decades of glory following the Great Depression, although he had to contend with the battering ram of Friedrich von Hayek. Well, Hayek and his able disciple, Milton Friedman, “patiently protected a pure version of capitalism, untarnished by Keynesian attempts to pool collective wealth to build more just societies” during those dark days of laissez faire, as Naomi Klein says in The Shock Doctrine.Friedman unleashed this “pure version of capitalism” first in Latin America and later in Eastern Europe to devastating effect. Latin American countries, from Argentina and Brazil to Chile and Peru, became economic skeletons of themselves after the Friedman onslaught. Poland was robbed of its resources, so was Russia (look at the number of oligarchs that Russia threw up in just a few years). African countries didnt escape the fury of the Friedman assault either. Previous Page1 2 Next PagePrevious Page1 2 Next Page8.03KRelated StoriesXi-Obama meeting to create new climate for world economyChina, India to make new engine of world economyWorld economy to strengthen modestly in 2013: IMFChinas growth powers world economyMost ViewedTodays Top NewsA center with power of 2 billion peopleFlight or Fight: Miyazaki vs AsoPromote financial reformsChinese dream can be shared by the worldRestore faith in dairyTimely is not enoughMercy killing a complicated issueColumnistsOp RanaDefinitely not the best of timesZhu YuanCommon sense can be a yardstickmoreCartoonFishingCompetition Obamas worrySecurity scareSpecialStar bloggers on China DailyGlobal view on Chinas sessionstradervicThe panda and the alligator╰☆Almee☆╰Life is in the journeyWomen of ChinaPainting the Bai ethnic group……| About China Daily | Advertise on Site | Contact Us | Job Offer |Copyright 1995 -. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.License for publishing multimedia online 0108263             Registration Number: 20100000002731      

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