• and without aggressive financial regulation and a vigilant press, markets, politics, and our entire society inevitably devolve into corruption for which we all pay the price.
For decades, we have been sold a bill of goods and told incessantly that government isn’t the solution — it’s the problem; that markets are efficient and rational and will self-correct; and that personal wealth, no matter how obtained, matters above all else.
And that’s what I call a Ponzi democracy.
For decades, we have been sold a bill of goods and told incessantly that government isn’t the solution — it’s the problem; that markets are efficient and rational and will self-correct; and that personal wealth, no matter how obtained, matters above all else.
And that’s what I call a Ponzi democracy.
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