Market Myth

Great article over at Oregon Center for Public Policy

Market Myth

"For years, the favorite myth of America's political and business leadership has been that the private marketplace operates like a force of nature. Hurricane Katrina - an actual force of nature - lays bare that this myth is inadequate, arrogant, and dangerous.

According to this myth, the market is perfect. It is a natural and benevolent force that rewards those who make productive choices. Failure is the result of individual character flaws or government intervention, or both.

Here’s why that’s inadequate: the market is a human, not divine, creation. Market outcomes depend on the health of human institutions and relationships, especially the capacity of our government to maintain fairness and protect opportunity for all. "

It basically sums up my issues with the "free" market in America. Worth reading even if you don't agree.