Comment by calibas

> the belief in the magical power of the free market always to serve the public good has no theoretical basis

This needs to be repeated more often.

Early on, there was this idea that free market capitalism was inherently amoral, and we had to do things like "vote with your wallet" to enforce some kind of morality on the system. This has been gradually replaced with a pseudo-religious idea that there's some inherent "virtue" to capitalism. You just need to have faith in the system, and everything will magically work itself out.