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Smithsonian Magazine: The Shocking Savagery of America's Early History

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Romantic Heretic2/23/2013 4:09:37 am PST

re: #187 Sol Berdinowitz

If the “Free Market” were set up so that the price of goods reflected their actual costs (from production to disposal), then a lot more of us would be living this way, and not just out of hippy-dippy idealism, but out of sound economic interest.

But, to paraphrase Adam Smith, we have come to the point where people serve the markets, the markets no longer serve the people. And when they collapse, it takes nothing less than a government bailout to repair them.

It’s why I often compare the system of commerce we call ‘capitalism’ to a religion. In it, like in the Catholic Church, we are but mortals who serve immortal institutions.