Michael Roberts on Joseph Stiglitz

Why Regulating Capitalism Won't Work
For supporters of New Deal liberalism, whether it be Naomi Klein or Robert Reich, regulation of markets is the key to success. Economists who take this position such as Joseph Stiglitz come a dime a dozen.

But according to Michael Roberts there is historical amnesia operating here. Regulation has been tried before many times and it has failed. We would say there is not a single Mordor politician of national note who would ever back regulation. All Democrats are devoted to finance capital and market fundamentalism.

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