[PEN-L:33140] Re: finals

[Rob Schaap <rschaap@xxxxxxxxxxxxxx>]

G'day Ian,

It sounds very much like JK Galbraith, but as you do like to surprise
us, I'm going to guess Milton Friedman.

Cheers,
Rob.

> [who wrote/said it?]
>
> "When corporate capitals become so large that they can control markets
> instead of being controlled by them, it can no longer be said that the
> market automatically treats buyers and sellers equally, or that every
> exchange is by definition a just exchange. Thus with the 20th century
> decline of competition, the market could no longer claim exemption from
> non-market ethical standards: the way was opened for some revival of
> commutative justice...The present allocation is indeed still done
> largely *through* markets, but it is not done *by* markets: the part
> that is done through markets is done by the state and corporate power
> blocs, not by autonomous markets."
>
> Google won't help.........
>
> Ian