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Then the title of the series is badly worded. The journey is not from free market ideology to another viewpoint, as the title suggests. It is more an awakening
by Torwald 7y ago
Then the title of the series is badly worded. The journey is not from free market ideology to another viewpoint, as the title suggests. It is more an awakening to the fact that we do not have a free market or at least to a set of facts about how strongly the markets are inhibited by governments.
- deleted 7y ago[deleted]
- voodootrucker 7y agoAbsolutely no idea why this is being down-voted, given the grandparent gave all the evidence required to support this argument.
- TomMckenny 7y agoThe article explicitly warns of that sort of confirmation bias. In particular, it points out that the free market had already failed the people in the community. The remedy, essentially government financial incentives to business, was the only thing that made enterprise possible. But since the whole system innately runs at a loss for the comunity, a harsh future reckoning arises. So it points to a possible deep flaw in our economic system and underling assumptions that simple theories obviously do not explain. After all, one should believe the simplest working explanation, but certainly no simpler. The complete confidence in completely unfettered markets is apparently overly simplistic. Likewise, some forms of business incentives are counter productive.