Wednesday, September 10, 2008

Free Market Myth?

Something to think about from the The Nation's Deborah Stone:
Maybe this is the ultimate lesson in why the Republican strategy of privatization and deregulation doesn't work. Markets depend on confidence--confidence that somebody stands behind the currency of exchange, confidence that somebody will hold buyers and sellers to their promises and, above all, confidence that if banks and big businesses crash, somebody will step in to help all the little people who might be wiped out with them.

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