Market Fundamentalism
From dKosopedia
The absurd contention, championed by Economist Milton Friedman, that markets always work perfectly in the absence of any regulation, specifically in the absence of any measures to enforce competition. The foundation of most Republican economic policy for several decades, now thoroughly discredited by the crash of 2008, but known to be false on its face by everybody who understands economics and isn't intimidated by politics or bought and paid for.
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