"When I talk about this in the United States, I'm often attacked, 'oh, you don't believe in the free market economy', I say, how much free market can there be? You say deregulate, the moment the banks get in trouble, you say bail them out, the moment you bail them out, you say go back to deregulation. That's not a free market, that's a game, and we have to get out of the game. We have to get back to grown-up behaviour. ... There is a lot of greed and there's very little accountability... One wonders in the United States sometime whether the government is regulating the banks, or are the banks determining government policy?... Why have the politicians protected them all along? You know why? Very simple. They pay for the politicians."
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Academics from the United StatesPhilosophers from the United StatesDiplomats of the United StatesEconomists from the United StatesAnti-poverty advocates
Original Language: English
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Jeffrey Sachs: 'That's not a free market, that's a game', Al Jazeera, 11 Dec 2011
https://en.wikiquote.org/wiki/Jeffrey_Sachs
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Jeffrey Sachs
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