Too Much Faith in Markets Denies Us the Good Life – Bloomberg 06-07-12

Observations by Professor Robert Skidelsky and Lecturer Edward Skidelsky:

Power relationships and the insatiability of human wants maintain our acquisitiveness.

Economic growth has trumped all other objects of economic policy.

Shift to a market-based philosophy of growth abandons any interest in the social outcome of growth.

The Anglo-American system of the past 30 years, dominated by financial-services, benefits a predatory plutocracy that creams off the riches in the name of freedom and globalization.

Market individualism remains the only game in town.

People will trade income for leisure if the fall in income is not too great.

Advertising makes us want things we otherwise would not have thought of wanting.

Read the full article at http://www.bloomberg.com/news/2012-06-07/too-much-faith-in-markets-denies-us-the-good-life.html

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