Are there just some things the market cannot do?

Over at Brassneck I’ve been sifting through some of the themes thrown up by the state buyout/seizure of the Fanny Mae and Freddie Mac mortgage corporations in the US. As the Lex Column has noted, the US government’s balance sheet is the last one left in town. The US, home of the free market and relentless purveyor of the values of Adam Smith, doesn’t always see the market mechanism as the last word in everything. Like sport for instance.

Mick is founding editor of Slugger. He has written papers on the impacts of the Internet on politics and the wider media and is a regular guest and speaking events across Ireland, the UK and Europe. Twitter: @MickFealty