Spitzer, Johnson, and others in key dialogue on goverment & markets

The Boston Review offers a space for healthy, thorough dialogue on the relationship of government and markets.

The Boston Review is running a fascinating forum entitled The Rules: A Dialogue on Government’s Proper Role in the Market. Eliot Spitzer’s  thorough piece is featured and serves as the crux of discussion. In keeping with the spirit of true dialogue, the forum offers responses to Spitzer from Dean Baker, Robert Johnson (Director of the Roosevelt Institute’s Global Finance Project), Sarah Binder, Andrew Gelman, and John Sides.

Take some time and have a look at this engaging discussion and the bold ideas it has uncovered, like these from Spitzer:

–There are certain core values-values that we as a society embrace —that the marketplace simply will not address.

–When companies get too big they underperform because they cannot be managed. Too-big-to-fail is too-big-not-to-fail.

–Regulators don’t need additional power, they just need to use their existing power appropriately. And this will not happen unless different people are in charge.