The free market guru Milton Friedman understood what so many progressives do not: that crises create opportunities for radical change. From low-wage workers, to local entrepreneurs, from independent
thinking elected officials to the global networks that brought you the
Battle in Seattle a decade ago, there's a new questioning of the Wall
John Cavanagh, Sarah Anderson, Chuck Collins, Sam Pizzigati
26 September 2008
Congress should use the proposed bailout legislation for much-needed reform ' in particular the need to start confronting the top-heavy distribution of American income and wealth that has fueled this Wall Street meltdown in the first place.
"All for ourselves and nothing for other people seems in every age of the world to have been the vile maxim of the masters of mankind," said Adam Smith in The Wealth of Nations. Either we learn to keep the market but eliminate the rapacity and environmental destructiveness of globalised capitalism or it will destroy us.