What’s Good for Big Business is not Necessarily Good for Us – Ioan Marc Jones

What’s Good for Big Business is not Necessarily Good for Us | Ioan Marc Jones.

“Lower wages due to unrestricted competition, less job security due to deregulation, decreasing state revenue due to lower taxes, growing inequality due to the uneven distribution of wealth and, of course, economic instability are all potential results of this brand of macroeconomics. Thus while there has been noted ‘booms’ brought about by an adherence to the free market, we shouldn’t forget that these booms are ephemeral and can often end in disaster. An example of this disaster, of course, is the 2008 great recession.”

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