IEA: Taylor speech to RSA highlights “badly misplaced” gripes with capitalism
IEA publishes "Nanny State on Tour"
“Matthew Taylor’s gripe with free market capitalism is badly misplaced.
“Taylor labels co-operatives and mutuals as examples of what he calls ‘communitarian capitalism’, but ignores that these options exist in the current system. The free market enables a wide range of models which suit differing sectors, businesses, workers, and consumers. An economy which creates diversity and choice is far preferable to one that would restrict people to a few, limited options.
“The best way to tackle to insecurity some people feel about their future living standards is to promote strong economic growth through market mechanisms – not to seek more and more government intervention in the economy, and by extension, peoples’ lives.”
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The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.
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