Saturday, August 04, 2007

Markets V. Middle Class

The Globe and Mail discovered this morning that without government, the middle class gets slaughtered, in a market economy. Markets are great at creating vibrant economies,there is no doubt, but they are a lousy way to create vibrant, stable and just societies. I am glad the Globe has finally caught on. Ed Broadbent's line, that "We want a market economy, but not a market society." is as true now as it ever was.
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