Quoting the Crisis

09/11/2009

What amazes me is how a vague and intellectually bankrupt (because it is so nebulous as to be used in ways that often wind up being contradictory) term like “free markets” nevertheless gets accorded respect it does not deserve in popular discourse in the US, particularly in the media. — Yves Smith in “Free Market” capitalism gets thumb down in 27 countries including US

What amazes me is how a vague and intellectually bankrupt (because it is so nebulous as to be used in ways that often wind up being contradictory) term like “free markets” nevertheless gets accorded respect it does not deserve in popular discourse in the US, particularly in the media.

— Yves Smith in “Free Market” capitalism gets thumb down in 27 countries including US

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