Benefits Quote by Steve Kangas
“The term ‘free market’ is really a euphemism. What the far right actually means by this term is ‘lawless market.’ In a lawless market, entrepreneurs can get away with privatizing the benefits of the market (profits) while socializing its costs (like pollution).”
About This Quote
Source Article: Economic critique, Steve Kangas, 2019
The term “free market” is a euphemism for a lawless market where profits are privatized and social costs are externalized.
In simple terms: Free market often hides lawlessness and social cost externalization.
Key Takeaway
Question the true costs of market policies.
Themes
economics
politics
environment
ethics
Mood
critical
analytical
Type
economic
political
When to use this quote
- environmental policy
- business strategy
- public debate
Key Concepts
market regulation
externalities
privatization
social responsibility
Questions to Reflect On
- How can we balance profit with social responsibility?
- What policies prevent market externalities?
A Different Perspective
May ignore benefits of market freedom.
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