The Myth of the Market (Why American capitalism is so rotten, Part 3)

The so-called “free market” is a dangerous illusion

Friends,

Welcome to the third week of our 10-week inquiry into American capitalism and the common good. Today I want to talk about a central myth of capitalism — one that has prevented a realistic conversation about it: the myth of the “free market.”

FEW IDEAS have more profoundly poisoned the minds of more people than the notion of a “free market” existi…