Saved by Keely Adler
Doing Too Little
While the market mechanism is a good enough device for making social decisions about unimportant matters such as the mix of colors in the production of frocks, the length of skirts, or the flavors of ice cream, it cannot and should not be relied upon for important, big matters such as the distribution of income, the maintenance of economic stabilit... See more
A Good Enough Device
The argument for the free market is that it is free. But freedom becomes superfluous if an enemy is threatening the very basis of all freedoms.
Garry Wills • Bomb Power: The Modern Presidency and the National Security State
The neoliberal reforms we have witnessed over the past decades are no doubt pernicious. The downfall of the welfare state, however, is due not only to neoliberal ideology but also to the general reliance on the generation of capital wealth, which makes the welfare state hostage to economic crises.
Martin Hägglund • This Life: Secular Faith and Spiritual Freedom
Capitalism, for example, is the purely liberal economic system. After having implemented this system, we learned that utterly unregulated capitalism is a catastrophe—this was what Karl Marx was reacting against. Paradoxical as it may seem, because of the power of monopolies and the influence of dishonest actors, a free market requires regulation—an
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