Raj Patel: Cap, but Don't Trade
Commonwealth Club - The Commonwealth Club of California
If economics is about choices, who gets to make them? Activist and academic Raj Patel says that prices often mislead us, and he reveals the "hidden costs" of goods. To demonstrate his argument that the free market and corporations distort price and value, Patel suggests that the true price of a hamburger would be $200 if we factor in the hidden environment and health costs.Patel offers a controversial critique of our present political system and argues that to understand our current economic crisis, we need to rethink our very meaning of democracy by re-balancing society and limiting markets.