Market Fundamentalism as Propaganda Machine For Capitalists

Anyone who has ever worked in a professional capacity knows that what they are being paid to do is:

1) anticipate problems arising before they happen

2) if they do happen, having a trustworthy set of skills to know how to fix the problem.

One of the professions that does not have to do either of these is mainstream American economists. Then what are they paid to do? Propagandize neoclassical market fundamentalism. Since 1950, 51% of Nobel Prize winners have come from one University, The University of Chicago, spawning ground for market fundamentalism.

Read on Michael Roberts Blog

About Bruce Lerro

Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his five books: "From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning", "Power in Eden: The Emergence of Gender Hierarchies in the Ancient World" (co-authored with Christopher Chase-Dunn), "Social Change: Globalization from the Stone Age to the Present", "Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized", and "The Magickal Enchantment of Materialism: Why Marxists Need Neopaganism". He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia, WA.

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