Markets are a social construction, they're made from institutions. We in a democratic society create markets, we constitute markets, we bring them into existence, and we shouldn't turn markets over to a narrow group of people who regulate them and run them in their interests, rather they should be run democratically for the common good.
Douglas MasseyMarkets, and the way they operate can't be frozen in time and place. A dynamic economy that is growing and increasing material well-being for a large number of people have to change over time.
Douglas MasseyYou can't have a market without government, because governments create the rules of competition and enforce fairness in the markets, and they build the institutions within which competition takes place.
Douglas MasseyI think liberals have to come to terms with the market and embrace market mechanisms as the only way to run a society that produces widespread material well-being and respects individual rights and liberties.
Douglas MasseyFor me, liberals are people who seek to use government to promote the general welfare.
Douglas Massey