The Financial Times on 'Market Fundamentalism'

http://www.futureofcapitalism.com/2010/05/the-financial-times-on-market-fundamentalism

From a column by Samuel Brittan in this morning's Financial Times: "To start with, 'market fundamentalism', which had no real existence outside North America, is now well and truly dead....Almost no one would claim that the pattern of rewards resulting from market transactions and inherited property rights is a just one."

Funny how the one country that emerged as the world's leading economy was the one where "market fundamentalism" supposedly existed. And has the FT forgotten Margaret Thatcher?

As we've said before, the critics of "market fundamentalism" almost always have fundamental beliefs of their own, which they are often less than clear in articulating.

by Ira Stoll  |  May 7, 2010 at 8:34 am Related Topics:  Europe, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list