Economic Update with Richard D. Wolff

Unlearning Market Idolatry


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This week on Economic Update, Professor Wolff explores the last 150 years of largely uncritical celebrations of "the market" as if it were a perfect institution that must be protected from the intrusion of other institutions such as the government, labor unions, and popular organizations. We compare a historical example and the present to criticize today's peculiar mix of market idolatry and its rejection in the U.S.

 

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