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Well said Daniel. But even when Adam Smith, the Patron Saint of Capitalism, spoke of free markets, he meant free from the Rentier Class. Plus, it only works when folks pay attention to the first volume in his thesis, The Moral Sentiments before the Wealth of Nations. I also recommend Karl Polanyi's work on the "Market Society", The Great Transformation.

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Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

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