Fast Food Nation

Fast Food Nation

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Unformatted text preview: the computer, software, aerospace, and satellite industries — have been heavily subsidized by the Pentagon for decades. Indeed, the U.S. defense budget has long served as a form of industrial policy, a quasisot system of planning that frequently yields unplanned results. The Internet at the heart of today’s “New Economy” began as the ARPANET, a military communications network created in the late 1970s. For better or worse, legislation passed by Congress has played a far more important role in shaping the economic history of the postwar era than any free market forces. The market is a tool, and a useful one. But the worship of this tool is a hollow faith. Far more important than any tool is what you make with it. Many of America’s greatest accomplishments stand in complete defiance of the free market: the prohibition of child labor, the establishment of a minimum wage, the creation of wilderness areas and national parks, the construction of dams, bridges, roads, churches, schools, and universities. If all that mattered were the unfettered right to buy and sell, tainted food could not be kep...
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This note was uploaded on 02/25/2014 for the course MGMT 120 taught by Professor Litt during the Spring '08 term at UCLA.

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