"Where the laissez-faire economist Milton Friedman once claimed that cutting back government left Americans 'free to choose,' Hacker contends that they have become free to lose instead, as a result of a political drive to shift a growing amount of economic risk from government and the corporate sector onto ordinary Americans in the name of enhanced personal responsibility and control.
"...there has been a constant push to increase the economic risks of ordinary Americans in return for a shot at the golden basket. The result is a few big winners, but a multitude of losers, or at least people whose fortunes are ever more precarious."
What's the Economy For, Anyway? |