Monday, May 13, 2013

Markets Erode Morals, Let People Do Horrible Things: Study

Markets Erode Morals, Let People Do Horrible Things: Study
"Formerly public institutions have been privatized, including the warehousing of human beings in prisons, as The Huffington Post's Chris Kirkham has documented extensively. People get the names of casinos and porn sites tattooed on their faces. Pension plans have been replaced by market-based 401(k)s, which gradually eat away at retirement security. Some would like to replace social programs like Medicare and Social Security with market-based accounts. Satisfying the god of the free market has led to widening income inequality, with soaring stocks and stagnant wages."

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