The Virtues and Limits of Markets – Everything Law and Order Blog

Robert Kuttner, co-founder and co-editor of The American Prospect, presents at the forum, “Destroying the Myths of Market Fundamentalism,” held in Washington DC, on October 19, 2018

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14 thoughts on “The Virtues and Limits of Markets”
  1. "To allow the market mechanism to be the sole director of the fate of human beings and their natural environment …would result in the demolition of society.” ~ Karl Polanyi, 1944

  2. You can struggle, and you can fight, and you might get some concessions from the capitalists, but remember anything you do get is just a loan, and one day you will be required to repay that loan along with an enormous amount of interest to the capitalists. That's the way it has been in the past, and it's the way of the future — assuming we have a future. Storms, fires, droughts, floods, tornadoes, hurricanes, sea level rise, desertification, crop failure, water shortage, species extinction (especially bees and other fertilizers), wars, refugees (war and climate related), out-of-control debt crisis, eminent economic and civil collapse. Sure we've got plenty of time.

  3. Unregulated predatory capitalism has been allowed to operate unhindered for too long. We are beyond the pale. The social and economic problems have become so horrific they cannot be cured. We may be living with neoliberal economics until the system blows itself up somehow. There won't be much left of humanity unless it happens soon. Whatever happens, the real hardships haven't even begun yet. When they do, it will make the fall of the USSR look insignificant in comparison.

  4. Agree! FDR saved capitalism thru regulations which have disappeared thanks to Reagan, Clinton, Bush & Trump. Now with addition of Citizens United, greed & corruption are legal.

  5. Don't participate in *the ritualisation of consumerism*. Gifts have nothing to do with showing someone you love them. It just means you're weak to manipulative marketing. And have money to spare for tax-avoiding, environment-polluting, worker-exploiting millionaires.

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