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Well to clarify, I'm talking about calling the fictional system being pushed as justification for all the "reforms" corporate capitalism. I'm aware that it doesn't apply to the UK economy at all and is of course a gross oversimplification of the US economy.  

However, I don't share your generally rosy view of economics and economists. Or rather I distinguish between economic propagandists and economic scientists. We don't tend to hear much from the latter.

I also don't agree with your rosy view of the market: I very strongly suspect that the less regulated the market the more it tends to reward the rich by making them richer as a consequence of how the system works.

 As for unions and the middle class: traditionally the middle class has been protected by both law and their own power to bargain individually. As those protections are whittled away something will have to be done.

by Colman (colman at eurotrib.com) on Fri Dec 30th, 2005 at 02:43:49 PM EST

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