Bruce Scott

U.S. capitalism was and mostly still is understood as a natural system and not one that was and is socially constructed by government policy.

[…]

“Free markets” must be one of the most overused expressions in the English language. Stated bluntly, there are no free markets in organized capitalism. All of the so-called freedoms in capitalism are conditional freedoms, and that conditionality is established by, legitimated by, and ultimately regulated by, government. But this conditionality has never been made a clear teaching priority in the 50 years that I have frequented the halls of the Harvard Business School.

Like this content? Why not share it?
Share on FacebookTweet about this on TwitterGoogle+Share on LinkedInBuffer this pagePin on PinterestShare on Redditshare on TumblrShare on StumbleUpon

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.