Tuesday, September 16, 2008
Market Failure
While I generally believe in free markets, I am also keenly aware of market failures such as the one demonstrated by the astounding collapse of Lehman Brothers. Economic Fundamentalism on both sides of the politico-economic divide - right and left - has left its mark on countries the world over. And not for the better. Clearly, unquestioning adherence to hard ideological positions is the way to economic hell.
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