The first lesson we learned from the current economic collapse is: The market does not solve everything. Despite what the neo-cons like Ronald Reagan and George Dubbya told us, turning all state responsibility over to the market means that the entire country is motivated by profit and therefore operates under a value system of greed. This market-first government has not benefited most of us. In fact, it’s only really benefited the super rich, like Reagan and Dubbya.The second lesson is that a government unduly influenced by the market, by corporations’ and banks’ lobbying and political contributions, will not be able to fulfill its responsibility as regulator of the market.
Markets Does Not Solve Everything
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