Corporatism Is Not the Free Market | Reason Magazine

Edmund S

NicklasAugustine

07/02/2012

Edmund S. Phelps om nutidens 'kapitalisme': "The managerial state has assumed responsibility for looking after everything from the incomes of the middle class to the profitability of large corporations to industrial advancement. This system . . . is . . . an economic order that harks back to Bismarck in the late nineteenth century and Mussolini in the twentieth: corporatism."