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by uiy887 5358 days ago
This is just completely absurd and just shows complete ignorance of economics. Among economists (yes, I am one), there are no longer debates about free markets. Krugman and DeLong, both heavy and prominent Democratic supporters, heavily support free trade. Krugman, for instance, "likened the opposition against free trade and globalization to the opposition against evolution via natural selection." [1] The current Administration's economic policy team are all free market advocates. Even Obama calls himself a "fierce" free market advocate. [2] I really can't find any economist who doesn't advocate free markets.

[1] http://en.wikipedia.org/wiki/Paul_Krugman

[2] http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a...

1 comments

There is a difference between the free market dogmatism displayed in the Economist, and the simple idea that the free market works better than planned economies. And yes, free markets fail, this is a staple idea in economics.

That said, i agree with others that I don't think the biases in the Economist are a problem. They make their opinions very obvious.