[fallingfrog]

He said that political will could fix problems where there is no economic forcing function to do so. For people who subscribe to an extreme Ayn Rand view of the world, that’s a heretical statement. Markets are believed to be a magic bullet that solves every conceivable problem and coordinated effort not done in search of profit is always bad.

Every utopian dream contains a totalitarian nightmare in it, unfettered capitalism is no exception. The truth is that different problems require different solutions, markets are good for some things but not others.