free-market ideology

Introducing the In Depth series on the actual workings of capitalism. Commentary on economic theories.

Reich’s latest cartoon does a good job of describing the changes in the US economy, weaker on the underlying political campaign by the rich and corporations to restructure the economy to their benefit. Worth the 6 minute viewing time.

Recent NYTimes article broadly acknowledges what every other developed country has recognized for decades, healthcare is not a good candidate for market control.

For all of the chest beating about the bold risks taken by capitalists, the capitalist time horizon is very short when compared to the many years of work that have gone into almost every significant scientific and technological advance. Without extensive government investment in activities that deliver longer term success, the capitalist system will simply eat its seed corn until it is gone.

Companies must externalize as many costs as possib —>> read more –>>

Keystone Essay What Is Market Capitalism and Why D —>> read more –>>

AmericanDelusions is changing. AD started out focu —>> read more –>>