After reading at Yahoo! Finance (Oct. 24), “The Twilight of Free-Market Ideology” by Charles Wheelan (lecturer at Univ. of Chicago and author of Naked Economics) I decided to create a poll. Here are some passages from his article (as well as my very similar opinion over here):
[…] When I heard Alan Greenspan’s testimony before Congress last Thursday, I had one immediate thought: This is the beginning of the end for the free-market ideologues (…) According to press reports of the testimony, Greenspan told Congress that he “had put too much faith in the self-correcting power of free markets.” That’s no small statement. In fact, it struck me that if 1989 was the year when no reasonable person could still believe in communism (or any of its government-intensive relatives), then 2008 will go down in history as the year in which the free-market zealots saw their “wall” come crumbling down. […]
So, what’s your opinion?