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Emperor's New Clothes-Unmasking the Use of
on October 31, 2006
Dean Baker a PhD. Economist and co-director of the Center for Economic Policy and Research (CEPR) provides a brilliant, evidence-based, iconoclastic deconstruction of the myth that liberals like "Big Government" and conservatives favor the "Free Market". He documents the importance of government intervention on behalf of the rich and powerful in most of the important sectors of the economy. Covering such diverse areas as immigration policy, patient (monopoly) law, "Free" trade agreements, bankruptcy law, and Federal Reserve policy, Baker clearly demonstrates how these policies operate in the background (below the radar of public perception) to decidedly advance the class interests of the already powerful.
If you carefully examine his arguments you will be less likely to fall into the trap of believing the only way to advance a progressive agenda is through major government spending (not that he is opposed to this in principle). Several market-based solutions which powerfully elucidate the current bias against working class people are thoughtfully juxtaposed to policies which would be class neutral or enhance the well-being of the more vulnerable segments of society if they were to be implemented.
Finally, Dr. Baker walks the walk and has made his complete book available as a free download which can be found at the following web address: [...]. Given the economical cost of buying the book in paperback, you should strongly consider purchasing on line as it represents a valuable addition to the expanding body of literature to assail the growing economic divide. The practical solutions advanced in this book make it an important read for both activists and scholars willing to take an honest look at current economic policy.