The Galt and the Lamers 0
At MarketWatch, Paul B. Farrell discusses the difference between a “market economy” and a “market society” and gloomily concludes that we are moving towards the latter:
But unfortunately, market capitalism “has exacted a heavy price … drained public discourse of moral and civic energy.”
The good professor is a great teacher, with only one glaring flaw in his logic: he’s too idealistic, too quixotic. You don’t have to be a fatalist to know that without a total economic collapse, market capitalists — including 1,426 billionaires, Wall Street bankers, hedgers, lobbyists and every other special interest getting rich off the new market society — will never voluntarily surrender their control over the American political system.
(Link fixed.)
