The “Progressives'” Creed

by Don Boudreaux on July 18, 2015

in Hubris and humility, Other People's Money

A core “Progressive” belief:

Dominated by powerful, grasping, and profit-obsessed capitalists, the market works so poorly that workers are generally underpaid for overly difficult work while consumers are generally overcharged for poor-quality products, and yet the assurance of earning even more money by exploiting the profit opportunities created by all this underpaying and overcharging remains hidden from the view of the greedy capitalists.  Such opportunities are seen only by politicians, pundits, professors, preachers, and popes – yet each of whom is best equipped only to force other people to stake funds on efforts aimed at correcting these market inefficiencies.


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