SheriffNottingham

Così Dani Rodrik su Project Syndicate:

Raised on textbooks that obscure the role of institutions, economists often imagine that markets arise on their own, with no help from purposeful, collective action. Adam Smith may have been right that “the propensity to truck, barter, and exchange” is innate to humans, but a panoply of non-market institutions is needed to realize this propensity.

Consider all that is required. Modern markets need an infrastructure of transport, logistics, and communication, much of it the result of public investments. They need systems of contract enforcement and property-rights protection. They need regulations to ensure that consumers make informed decisions, externalities are internalized, and market power is not abused. They need central banks and fiscal institutions to avert financial panics and moderate business cycles. They need social protections and safety nets to legitimize distributional outcomes.

Well-functioning markets are always embedded within broader mechanisms of collective governance. That is why the world’s wealthier economies, those with the most productive market systems, also have large public sectors.

Parole sante, che mi spingono a due considerazioni:
1) Non capire che il corretto funzionamento di quell’insieme di non-market institutions è fondamentale per il benessere di un paese è di per sé gravissimo. È addirittura criminale non intervenire quando il sistema è palesemente alla frutta. Destra o sinistra c’entrano poco, è questione culturale, e come tale riguarda tutti e ciascuno.
2) La retorica del self-made man e dello stato minimo è fumo negli occhi, e il fumo negli occhi irrita maledettamente.

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