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As noted below in Lunch Links, Robert Reich is everywhere these days with the release of his new movie, Inequality for All. If you’d like to read the gist of his message in a succinct column, check out this new essay from his website:

The Myth of the Free Market and How to Make the Economy Work for Us

By Robert Reich

One of the most deceptive ideas continuously sounded by the Right (and its fathomless think tanks and media outlets) is that the “free market” is natural and inevitable, existing outside and beyond government. So whatever inequality or insecurity it generates is beyond our control. And whatever ways we might seek to reduce inequality or insecurity — to make the economy work for us — are unwarranted constraints on the market’s freedom, and will inevitably go wrong. 

By this view, if some people aren’t paid enough to live on, the market has determined they aren’t worth enough. If others rake in billions, they must be worth it. If millions of Americans remain unemployed or their paychecks are shrinking or they work two or three part-time jobs with no idea what they’ll earn next month or next week, that’s too bad; it’s just the outcome of the market.

According to this logic, government shouldn’t intrude through minimum wages, high taxes on top earners, public spending to get people back to work, regulations on business, or anything else, because the “free market” knows best.

In reality, Read More

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Dean Baker has a great little myth-buster post up this morning in which he takes  the WaPo’s E.J. Dionne to task for his “loser-liberalism.” As Baker notes, liberals buy in much too readily to conservative spin about right and left attittudes toward government regulation and “free markets.” Read More