I've been told more times than I can count that reason I feel the way I do about money made through capitalism is because I have none. I finally found someone with plenty of money, George Soros, who admits that there is no such thing as self-correcting capital markets. Rather capital markets are always externally managed to some degree. Corporations and other "free"-market fundamentalists don't like to admit this because they want to perpetuate the myth that markets are inherently and inerrant-ly self-regulating, so that those on top can work to keep themselves on top (e.g. public policy, lobbying, externalizing costs, off-shoring, tax evasion, exploitation, usurping the labor pool) without fear of exposure.
Soros was interviewed today on PBS's the NewsHour with Jim Lerher. I've got to read his book.
Labels: books/authors, economics, sustainability, video
1 Comments:
Looks good. Thanks for the tip.
Very few of my friends seem to get that capitalist markets are not "values neutral".
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