The Business Times
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Six economic myths that well-being economies seek to address

The failures of free market fundamentalism and neoliberalism are based on a series of flawed economic assumptions. There is another way.

Published Tue, Jun 6, 2023 · 04:33 PM
    • People hold a banner which reads "Peace not Capitalism!" during an anti-capitalism march in Berlin on Apr 30, the eve of May Day protests in the German capital.
    • People hold a banner which reads "Peace not Capitalism!" during an anti-capitalism march in Berlin on Apr 30, the eve of May Day protests in the German capital. PHOTO: AFP

    By Paul C Sutton

    FREE market fundamentalism is failing us ecologically, economically, socially, and politically.

    Free markets do not clean up oil spills, address climate change, or create public goods like libraries, lighthouses, and weather satellites. Rather, they are recognised as the remit of government.

    Economic growthWell-beingcapitalism

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