Part I, Chapter 3, The Roots of Economic Orthodoxy, p. 65
The Death of Economics (1994)
“The free market in ideas has never been free, but always a market. To undo this necessitates not commissars and censors but critical intelligence loyal to an objective notion of truth. If there is a repressive tolerance, then there is also a liberating intolerance.”
Source: Social Amnesia: A Critique of Conformist Psychology from Adler to Laing (1975), p. xvii
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Russell Jacoby 50
American historian 1945Related quotes
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Context: I should say that when people talk about capitalism it's a bit of a joke. There's no such thing. No country, no business class, has ever been willing to subject itself to the free market, free market discipline. Free markets are for others. Like, the Third World is the Third World because they had free markets rammed down their throat. Meanwhile, the enlightened states, England, the United States, others, resorted to massive state intervention to protect private power, and still do. That's right up to the present. I mean, the Reagan administration for example was the most protectionist in post-war American history. Virtually the entire dynamic economy in the United States is based crucially on state initiative and intervention: computers, the internet, telecommunication, automation, pharmaceutical, you just name it. Run through it, and you find massive ripoffs of the public, meaning, a system in which under one guise or another the public pays the costs and takes the risks, and profit is privatized. That's very remote from a free market. Free market is like what India had to suffer for a couple hundred years, and most of the rest of the Third World.
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Attributed
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