TIME‘s “Curious Capitalist,” Justin Fox, has attracted attention (and this subtle assessment) in this forum for his not-so-capitalist-influenced pronouncements.
The magazine’s latest issue features an article based on Fox’s new book, The Myth of the Rational Voter. The article basically blasts Milton Friedman and his acolytes for placing their faith in the power of markets.
What Fox’s article does not do is: a) recognize the role existing government intervention plays in preventing market processes from working, or b) explain how “second-guessing the market,” presumably through more government intervention, would lead to better economic results.
