Quote of the Day

“The ‘free market’ doesn’t exist. There is no such thing. All markets are constructed. Think of the stock exchange. It has rules. The WTO [World Trade Organization] has 900 pages of regulations. The bond market has all kinds of regulations and commissions to make sure those regulations carried out. Every market has rules. For example, corporations have a legal obligation to maximize shareholder profit. That’s a construction of the market.”

–George Lakoff, University of California – Berkeley, Professor of Linguistics

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