Gore Vidal, the American writer, once described the American economic system as 'free enterprise for the poor… — Chang Ha-Joon

Gore Vidal, the American writer, once described the American economic system as 'free enterprise for the poor and socialism for the rich'. Macroeconomic policy on the global scale is a bit like that. It is Keynesianism for the rich countries and monetarism for the poor.

p. 158Source: Wikiquote · CC BY-SA 4.0