How market forces have failed the nation (its citizens and consumers)

[Drop_Bear]

My reading overall is that Totalitarian Capitalism (AKA neoliberalism) is doomed. As Smith pointed out, Capitalism in general always had a best-before date. Market forces have their place. Extremes rarely endure. Extreme Capitalism is no more stable than extreme Socialism.

As Keynes wrote to Hayek:

… You admit here and there that it is a question of knowing where to draw the line. You agree that the line has to be drawn somewhere [between free-enterprise and planning], and that the logical extreme is not possible. … It is true that you and I would probably draw it in different places. I should guess that according to my ideas you greatly underestimate the practicability of the middle course.

Our problems stem from the dominance of those who would deny the line entirely.