Bruce Webb

Have we lost faith in the market economy? Much turns on the answer to this question.

Does an economic system that bases compensation on productivity, leading to a huge income gap, meet the test of basic fairness and justice? Or are we seeing—like the Boston Red Sox destroying a local Little League team—unfair and predetermined outcomes?

Those who lived through the Great Depression were profoundly changed by their experience. We would do well to consider what lessons we can learn now, and how we might change from these experiences.