Skip to main content

Posts

Showing posts with the label monopsony

The Myth of the Free Market

How some liberals/neo-Keynesians are digging to justify why governments should play a big role in the economy. A ‘new’ form of capitalism is a necessary in order to get out of the crisis and prevent any possible social unrest.  What 2008/09 and the pandemic have demonstrated is that monopoly capitalism has to change for the system to survive. That Biden, for example, has introduced a big stimulus package and revoked Trump’s cuts in corporate tax reflects the uneasiness of the ruling classes and that a few things have to be done. The Woman Who ‘Shattered the Myth ’