For thirty years, particularly in the UK and the US, we have lived in a society with an extraordinary faith in the marketplace as the answer to almost every question.
Yes, the market is a powerful driver of innovation and improvement, and few would dispute that the free market has delivered reliable and affordable cars or the rapid development of mobile phones. Such success, combined with the failure of planned soviet economies, has supported the belief that the only feasible mechanism for managing our collective activities is an unfettered market and that personal greed is the only reliable ...
There are approximately 1323 more words in this article.
To read the rest of this article, please buy this issue, or join the Resurgence Trust. As a member you will receive access to the complete archive of magazines from May 1966.
If you are already a member, please Sign in
