Quotations about   free market

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Of course, somehow, these champions of free market, these lovers of the invisible hand, cannot figure out that if people won’t sell you a good or service under the terms you set, free market competition demands that you offer better terms and conditions. It’s as simple as that. If you can’t buy a Porsche for $1.98, that doesn’t mean there’s an automobile shortage.

Peter Greene (contemp.) American teacher, blogger
“Florida’s Teacher Gap Is No Mystery,” Huffington Post (21 Nov 2017)
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Added on 3-Jun-21 | Last updated 3-Jun-21
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In a predatory economy, the rules imagined by the law and economics crowd don’t apply. There’s no market discipline. Predators compete not by following the rules but by breaking them. They take the business-school view of law: Rules are not designed to guide behavior but laid down to define the limits of unpunished conduct. Once one gets close to the line, stepping over it is easy. A predatory economy is criminogenic: It fosters and rewards criminal behavior.

John Kenneth Galbraith (1908-2006) Canadian-American economist, diplomat, author
“The Predator State,” Mother Jones (May/Jun 2006)
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Added on 8-Apr-21 | Last updated 19-Apr-21
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