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Notes to myself, possibly of interest to others.
-- Bill Northlich

Friday, May 6, 2011

The "left" as defender of free markets

lt is an irony of the current political debate that the "left" has had to take an active role in trying to get markets to work in the wav that they should. for instance, through passage and enforcement of antitrust lat-vs to ensure competition; through passage and enforcement of disclosure laws; to ensure that market participants are at least better informed; and through passage and enforcement ol' laws on pollution, and financial-sector regulation (of the kind discussed in chapter 6), to limit the consequences of externalities.
---Stiglitz, Freefall, 2009, p 201.

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