What Money Can't Buy, entry 1
Sandel points out that instead of producing real public debate about the role of markets in society, the financial crisis produced the Tea Party and the Occupy Wall Street Protests, largely aimed at the bailout(which was necessary to avoid a depression). Note that the Occupy Wall Street movement made for good presentations of unshaven, smelly teenagers that served the interests of the right while the Tea Party gained just enough strength in congress to threaten even the pro-industry 'Obamacare' package, much less a more reasonable single-payer system. To borrow a phrase from Vonnegut, 'so it goes'. Chomsky et al would probably argue that the reason there was no coverage of substantive debate of the place of markets is that media corporations, which rely upon advertising, themselves depend upon the expansion of markets into more and more sections of our lives. Thus, no real debate about limiting the reach of markets can reach into the mass medi...