You can t have democracy without politics. If you want the one, you re going to have the other. Kuttner describes what happens in health care, education and the labor markets when the market model reigns supreme. Ordinary people may have more wisdom than experts about economics. They don t like it when reciprocal obligation and loyalty go down drain for the sake of idealized concept of marketplace.
Real people don t like being treated like characters in an economics textbook.
Conversation 5 Market principles can be used to achieve social objectives in some parts of the economy. Technology makes possible a great deal more choice, but if we don t have rules, choice evaporates. The telecommunications and airline industries offer examples. Kuttner reiterates, One size does not fit all. And yes, businesses in a lot of industries are afraid of real competition.