--- title: "Meaning & Key Takeaway of: The second part of the New Right's policy…" description: "\"The second part of the New Right's policy package has been the belief that free-market solutions are always best. It is this latter view which is profo..." image: "https://sms4smile.com/quotes/i/a2f/paul-ormerod-27778_belief_the-second-part-of-the-new-right-s-polic_37486.jpg" --- # The second part of the New Right's policy package has been… ![“The second part of the New Right's policy package has been the belief that free-market solutions are always best. It is this latter view which is profoundly mistaken. Markets and profits are crucial, but the pure free-market model itself is deeply flawed.” quote by Paul Ormerod](https://sms4smile.com/quotes/i/a2f/paul-ormerod-27778_belief_the-second-part-of-the-new-right-s-polic_37486.jpg) [Download](https://sms4smile.com/quotes/i/a2f/paul-ormerod-27778_belief_the-second-part-of-the-new-right-s-polic_37486.jpg) [Open image](https://sms4smile.com/quotes/i/a2f/paul-ormerod-27778_belief_the-second-part-of-the-new-right-s-polic_37486.jpg) > “The second part of the New Right's policy package has been the belief that free-market solutions are always best. It is this latter view which is profoundly mistaken. Markets and profits are crucial, but the pure free-market model itself is deeply flawed.” [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The belief that unrestricted free markets can solve all problems is a fundamental error; while markets matter, they need regulation and social safeguards. **In simple terms:** Free markets alone are insufficient. Key Takeaway Markets need checks and balances. Themes economics political ideology policy critique market regulation social welfare Mood critical analytical cautious Type analytical policy critical When to use this quote - government policy design - economic reform debates - business strategy planning - social program evaluation Key Concepts free-market ideology regulatory failure profit motive public interest Practical Applications - policy analysis - public discourse Questions to Reflect On - What mechanisms can correct market excesses? - How do we balance profit with public good? ★ ★ ★ ★ ★ No ratings yet [Belief](https://sms4smile.com/quotes/about/belief/) [Crucial](https://sms4smile.com/quotes/about/crucial/) [Faith](https://sms4smile.com/quotes/about/faith/) [Flawed](https://sms4smile.com/quotes/about/flawed/) [Free market](https://sms4smile.com/quotes/about/free-market/) [Has beens](https://sms4smile.com/quotes/about/has-beens/) [Latter](https://sms4smile.com/quotes/about/latter/) [Market Model](https://sms4smile.com/quotes/about/market-model-445640/) [Market Solutions](https://sms4smile.com/quotes/about/market-solutions-445641/) [Mistaken](https://sms4smile.com/quotes/about/mistaken/) [Models](https://sms4smile.com/quotes/about/models/) [New Right](https://sms4smile.com/quotes/about/new-right-445638/) [Packages](https://sms4smile.com/quotes/about/packages/) [Policy](https://sms4smile.com/quotes/about/policy/) [Profit](https://sms4smile.com/quotes/about/profit/) [Pure](https://sms4smile.com/quotes/about/pure/) [Right Policy](https://sms4smile.com/quotes/about/right-policy-445639/) [Solutions](https://sms4smile.com/quotes/about/solutions/) [Views](https://sms4smile.com/quotes/about/views/) ## Related quotes > [The time horizon may be too long for sole reliance on market solutions - but perhaps the inventiveness of the financial services industry will…](https://sms4smile.com/quotes/john-bruton/the-time-horizon-may-be-too-long-for-sole-reliance-on-market/) [John Bruton](https://sms4smile.com/quotes/author/john-bruton/) > [Based on my experience, I believe that Ben Sasse has the right policy background, a notable commitment to public service - and, perhaps most…](https://sms4smile.com/quotes/jeff-fortenberry/based-on-my-experience-i-believe-that-ben-sasse-has-the-right-policy/) [Jeff Fortenberry](https://sms4smile.com/quotes/author/jeff-fortenberry/) > [No couples in Virginia can adopt other than a married couple - that’s the right policy.](https://sms4smile.com/quotes/tim-kaine/no-couples-in-virginia-can-adopt-other-than-a-married-couple-that-s/) [Tim Kaine](https://sms4smile.com/quotes/author/tim-kaine/) > [If you believe in free markets, I don't want to make any compromise with my principles and I think that's the right policy for…](https://sms4smile.com/quotes/maxime-bernier/if-you-believe-in-free-markets-i-don-t-want-to-make-any-compromise/) [Maxime Bernier](https://sms4smile.com/quotes/author/maxime-bernier/) > [I think the free market model of commercial trade openness - this model has undoubtedly shown enormous benefits for nations, for those of us…](https://sms4smile.com/quotes/enrique-pena-nieto/i-think-the-free-market-model-of-commercial-trade-openness-this-model/) [Enrique Pena Nieto](https://sms4smile.com/quotes/author/enrique-pena-nieto/) > [You see it even in our educational systems, where the market model becomes central. It's a matter of just gaining a skill or gaining…](https://sms4smile.com/quotes/cornel-west/you-see-it-even-in-our-educational-systems-where-the-market-model/) [Cornel West](https://sms4smile.com/quotes/author/cornel-west/) > [The success of one market model cannot be migrated to another. Ignoring Macau's special characteristics and duplicating a Las Vegas or an Atlantic City…](https://sms4smile.com/quotes/stanley-ho/the-success-of-one-market-model-cannot-be-migrated-to-another/) [Stanley Ho](https://sms4smile.com/quotes/author/stanley-ho/) > [There are all sorts of institutions in the economic world which depart from the simple price/market model which I worked on in an earlier…](https://sms4smile.com/quotes/kenneth-arrow/there-are-all-sorts-of-institutions-in-the-economic-world-which/) [Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/) > [The New Right, in many cases, is doing nothing less than placing a heretical claim on Christian faith that distorts, confuses, and destroys the…](https://sms4smile.com/quotes/mark-hatfield/the-new-right-in-many-cases-is-doing-nothing-less-than-placing-a/) [Mark Hatfield](https://sms4smile.com/quotes/author/mark-hatfield/) > [“If the new right had elected Trump, it was the older Fortune 100 executives who most pleased him”](https://sms4smile.com/quotes/michael-wolff/if-the-new-right-had-elected-trump-it-was-the-older-fortune-100/) [Michael Wolff](https://sms4smile.com/quotes/author/michael-wolff/) > [The appeal of the New Right is simply that it seems to promise that nothing will change in the domestic realm. People are terrified…](https://sms4smile.com/quotes/gerda-lerner/the-appeal-of-the-new-right-is-simply-that-it-seems-to-promise-that/) [Gerda Lerner](https://sms4smile.com/quotes/author/gerda-lerner/) > [The New Right: kiss the bankers and spank the babies.](https://sms4smile.com/quotes/mason-cooley/the-new-right-kiss-the-bankers-and-spank-the-babies/) [Mason Cooley](https://sms4smile.com/quotes/author/mason-cooley/) > [In the early 1970s in Washington, a small group of young conservative activists came together to try and change American politics. They called themselves…](https://sms4smile.com/quotes/adam-curtis/in-the-early-1970s-in-washington-a-small-group-of-young-conservative/) [Adam Curtis](https://sms4smile.com/quotes/author/adam-curtis/) > [The new right-wing movement is a wide group of people committed to free speech, anti-war, trade. It's sympathetic to whistleblowers.](https://sms4smile.com/quotes/mike-cernovich/the-new-right-wing-movement-is-a-wide-group-of-people-committed-to/) [Mike Cernovich](https://sms4smile.com/quotes/author/mike-cernovich/) > [When you learn a lesson. There's a new one right arund the cornor](https://sms4smile.com/quotes/taylor-swift/when-you-learn-a-lesson-there-s-a-new-one-right-arund-the-cornor/) [Taylor Swift](https://sms4smile.com/quotes/author/taylor-swift/) ## More by Paul Ormerod > [Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the…](https://sms4smile.com/quotes/paul-ormerod/keynes-tried-to-show-that-market-economies-could-settle-in/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [The linear, mechanistic view of the world which pervades orthodox economics is simply not capable of capturing the richness and complexity of the rhythms…](https://sms4smile.com/quotes/paul-ormerod/the-linear-mechanistic-view-of-the-world-which-pervades-orthodox/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [But Adam Smith was a philosopher as well as well as an economist, famous in his time as much for his Theory of Moral…](https://sms4smile.com/quotes/paul-ormerod/but-adam-smith-was-a-philosopher-as-well-as-well-as-an-economist/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [The behavior of the economy as a whole, at the aggregate, macro-level, is built up from the individual equations at the micro-level.](https://sms4smile.com/quotes/paul-ormerod/the-behavior-of-the-economy-as-a-whole-at-the-aggregate-macro-level/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [We need to abandon the economist's notion of the economy as a machine, with its attendant concept of equilibrium. 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People and companies all operate in a…](https://sms4smile.com/quotes/paul-ormerod/the-model-of-competitive-equilibrium-which-has-been-discussed-so-far/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [The temptation to use mathematics is irresistible for economists. It appears to convey the appropriate air of scientific authority and precision to economists' musings.](https://sms4smile.com/quotes/paul-ormerod/the-temptation-to-use-mathematics-is-irresistible-for-economists-it/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [I am often asked by would-be entrepreneurs seeking escape from life within huge corporate structures, ‘How do I build a small firm for myself?’…](https://sms4smile.com/quotes/paul-ormerod/i-am-often-asked-by-would-be-entrepreneurs-seeking-escape-from-life/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [Books proliferate, and occasionally sell in very large numbers, which claim to have found the rule, or small set of rules, which will guarantee…](https://sms4smile.com/quotes/paul-ormerod/books-proliferate-and-occasionally-sell-in-very-large-numbers-which/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) > [Baseball players or cricketers do not need to be able to solve explicitly the non-linear differential equations which govern the flight of the ball.…](https://sms4smile.com/quotes/paul-ormerod/baseball-players-or-cricketers-do-not-need-to-be-able-to-solve/) [Paul Ormerod](https://sms4smile.com/quotes/author/paul-ormerod/) [Explore all 20 Paul Ormerod quotes ](https://sms4smile.com/quotes/author/paul-ormerod/) ## More Belief quotes > [“Cine a ucis stelele? Cine a surpat drumul spre viitor al celor din morminte?”](https://sms4smile.com/quotes/ionel-teodoreanu/cine-a-ucis-stelele-cine-a-surpat-drumul-spre-viitor-al-celor-din/) [Ionel Teodoreanu](https://sms4smile.com/quotes/author/ionel-teodoreanu/) > [“MIND & GRIND Self-belief and hard work can propel you past more talented peers”](https://sms4smile.com/quotes/kamil-ali/mind-grind-self-belief-and-hard-work-can-propel-you-past-more/) [Kamil Ali](https://sms4smile.com/quotes/author/kamil-ali/) > [Philosopher is a dictator who modifies accepted standards with his thoughts.](https://sms4smile.com/quotes/ilkin-santak/philosopher-is-a-dictator-who-modifies-accepted-standards-with-his/) [Ilkin Santak](https://sms4smile.com/quotes/author/ilkin-santak/) > [There is something about the South that accepts the supernatural. If you don't accept it and you're having a conversation with someone who does,…](https://sms4smile.com/quotes/alice-englert/there-is-something-about-the-south-that-accepts-the-supernatural-if/) [Alice Englert](https://sms4smile.com/quotes/author/alice-englert/) > [It took me 20 years of hard training to get the physique I have today. what you need is what i had - BELIEF…](https://sms4smile.com/quotes/branch-warren/it-took-me-20-years-of-hard-training-to-get-the-physique-i-have-today/) [Branch Warren](https://sms4smile.com/quotes/author/branch-warren/) > [“Here is a fundamental difference between the man of faith and the man of unbelief. The unbeliever is 'of the world', judges everything by…](https://sms4smile.com/quotes/arthur-w-pink/here-is-a-fundamental-difference-between-the-man-of-faith-and-the-man/) [Arthur W. Pink](https://sms4smile.com/quotes/author/arthur-w-pink/) > [“She herself vacillated when it came to belief. She did not particularly believe in God. Or, rather, she didn't believe in a particular God.…](https://sms4smile.com/quotes/allegra-goodman/she-herself-vacillated-when-it-came-to-belief-she-did-not/) [Allegra Goodman](https://sms4smile.com/quotes/author/allegra-goodman/) > [Let us remember that every worldview-not just Christianity's-must give an explanation or an answer for evil and suffering...this is not just a problem distinctive…](https://sms4smile.com/quotes/ravi-zacharias/let-us-remember-that-every-worldview-not-just-christianity-s-must/) [Ravi Zacharias](https://sms4smile.com/quotes/author/ravi-zacharias/) > [“Rigid traditions capture souls prisons of spiritual thought man’s religion has captured a god grown too small and very weak.”](https://sms4smile.com/quotes/david-w-earle/rigid-traditions-capture-souls-prisons-of-spiritual-thought-man-s/) [David W Earle](https://sms4smile.com/quotes/author/david-w-earle/) > [We can find common qualities and common values that have made Britain the country it is. 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Arguments which penetrate into…](https://sms4smile.com/quotes/arthur-koestler/the-inner-defenses-are-unconscious-they-consist-of-a-kind-of-magic/) [Arthur Koestler](https://sms4smile.com/quotes/author/arthur-koestler/) > [I have tried to resign myself, and to console myself; and that, I hope, I may have done imperfectly; but what I cannot firmly…](https://sms4smile.com/quotes/charles-dickens/i-have-tried-to-resign-myself-and-to-console-myself-and-that-i-hope-i/) [Charles Dickens](https://sms4smile.com/quotes/author/charles-dickens/) > [In business, as in politics, it is never easy to go against the beliefs and attitudes held by the majority. The businessman who moves…](https://sms4smile.com/quotes/j-paul-getty/in-business-as-in-politics-it-is-never-easy-to-go-against-the-beliefs/) [J. Paul Getty](https://sms4smile.com/quotes/author/j-paul-getty/) > [There's no greatest moment in the arts. It's a life; it's a continuity thing. You can't have a great moment because it's spiritual. 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