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Well, original for the Journal, anyway. It wrote: ‘Markets are a great way to organise economic activity, but they need adult supervision.’ Now had they figured this out 20 years ago, millions of poor families might have been spared a great deal of misery. Misery brought about precisely by the idea that markets could solve every single problem of the human race. An idea propagated forcefully and ruthlessly by the World Bank, the IMF and the Wall Street Journal.
Any criticism of the market as God these past two decades led to being branded a heretic. The market had all the answers. There was no miracle it could not perform...
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