Market Turmoil

Read more on this subject: Economy – Recession-Depression
Feature Article by Stephen Lendman
Market Turmoil

by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman)

In his book titled "Capitalism and Freedom," economist Milton Friedman said "only a crisis – actual or perceived – produces real change." 

"When a crisis occurs, the actions that are taken depend on the ideas that are lying around."

"(O)ur basic function (is) to develop alternatives to existing policies (ready to roll out when) the impossible becomes politically inevitable."

Friedman and likeminded ideologues believe that whatever government does, business does better so let it.

There's nothing fair about their notions of "free market" capitalism.

Shock therapy at times of political, economic, and/or financial turbulence is the economic version of smashing nations militarily to save them.

Its central tenets include mass-privatizations, government deregulation, unrestricted free mark
Read More or Make a Comment

Bookmark the permalink.

Comments are closed.