With the failure of Republican economic ideology writ large across the headlines of our newspapers and the stock market, a vacuum of economic policy theory seems to be emerging. This failed ideology asserted, essentially, that regulations are a barrier to the natural formation of markets, that markets are themselves entirely natural, and as such, markets were the unique solution to the problems of resource and asset valuation, production and distribution. The Democratic response to this failure has been largely negative, that is, that it has emerged largely as a negation or denial of one or all of these basic propositions.
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