[msg3]

The Korean economist Ha-Joon Chang makes similar arguments in his book Bad samaritans. He argues that this model was successfully followed by Korea (Samsung, Hyundai, etc), Japan, and even Henry VII in 15th century England - well worth a read.

[thundergolfer]

Similar ideas in his 21 Things They Don’t Tell You About Capitalism. That book was really influencing on how I think about economic rhetoric.