An excellent corrective to the recent abundance debate. We need to avoid "deference to private capital and hostility to public governance". Well-regulated capitalism, baby!
Reposted from
Boston Review
Where this story doesn’t give a mistaken impression through sins of omission, it simply gets things wrong. It blames government for bad outcomes where it should blame the whole structure of the market—including other policies (among them too little regulation) and the nature of private investment.
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