Doing Too Little

Stiglitz employs Isaiah Berlin’s positive and negative freedoms, and later threads the needle: neoliberalism believes only in ‘freedom to do’, and disparages the need of government to constrain corporations and the wealthy for the good of the rest:

Neoliberals’ political analysis was even worse than their economics, with perhaps even graver consequences. Friedman and his acolytes failed to understand an essential feature of freedom: that there are two kinds, positive and negative; freedom to do and freedom from harm. “Free markets” alone fail to provide economic stability or security against