From Dean Baker
The belief in free-market fundamentalism runs very deep. When I say that, I don’t mean that support for the concept runs deep, I mean the belief that we had been pursuing free-market policies in the years before the Trump and Biden presidency runs very deep. I was reminded of this fact in a New York Times column by Farah Stockman, touting the development of a new post-free-market fundamentalist paradigm.
To be clear, the period of so-called free-market fundamentalism was one in which we saw a massive upward redistribution of wealth and income as has been extensively documented in numerous studies. It is understandable that the people who are happy about this upward redistribution would like to attribute it to the natural workings of the market.
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