The Cult of Market Fundamentalism
A “classic” for the Fourth of July. While Trump doesn’t follow the dogma exactly when it comes to free trade (for better or worse, probably worse), he and most Republicans in Congress do seem to be true believers in this peculiar form of witchcraft (no disrespect intended to Wiccan readers).
The first step of confronting the problem is to name it. “Market fundamentalism,” a term I picked up from George Lakoff, should be a buzzphrase on the tips of everyone’s lips. It has become THE defining force — paired with racism — of Americans’ economic lives. Pundits and Democratic politicians should be throwing this concept around, ridiculing it like the joke it is. Instead, we’re fixated on the right-wing term ”political correctness,” which blinds us to the real problems facing America. Swap these two out and you change the playing field.
Tags: economy, market fundamentalism, money, religion, wall street