Public Money for Public Purpose: Toward the End of Plutocracy and the Triumph of Democracy â€“ Part VI/Extreme laissez faire capitalism
From Critiques Of Libertarianism
< Public Money for Public Purpose: Toward the End of Plutocracy and the Triumph of Democracy â€“ Part VI
Extreme laissez faire capitalism of the kind extolled off and on over the past two centuries, and increasingly preached by economists, financiers and conservative thinkers over the past four decades, is a perverse distortion of human nature, foisted upon us by cold and demented thinkers captivated by inhuman notions of efficiency and domination. In the end, it is a system that reduces each human being to an object whose value is nothing beyond what it is worth in the market. We need to restore a social balance, in which private property, entrepreneurialism and commercial activity do not dominate our lives and set all the rules for our existence, but function within a democratic social order framed by a politically coherent and effective commitment to the public good. In a democratic social order there exists an activist public sector controlling a substantial store of social goods, and channeling democratic energies and intelligence into the ambitious perfection of such goods.
Dan Kervick, " Public Money for Public Purpose: Toward the End of Plutocracy and the Triumph of Democracy – Part VI"