the old debate over “free market” versus “government” diverts attention from how these decisions are made and hides the growing influence of large corporations, Wall Street, and wealthy individuals over them. As those at the top have gained economic power, their political influence over these basic rules of the game has also increased—which in turn has enhanced their economic power still further. Many of those who most loudly and adamantly celebrate the “free market” are among the largest beneficiaries of this hidden process. By removing the central reality of power from public understanding
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