Who Created America’s Free Market Mythology?

This week, David Sirota speaks with Naomi Oreskes about the mythology of “market fundamentalism” that exists deep within the American psyche. A Harvard Professor of history, Oreskes explains how the total belief in the wisdom of the free-markets (in opposition to the ‘evil’ big government), went from being on the fringes of public debate to a dogmatic ideology that is unique to the United States. It’s a fascinating history involving key figures of the 20th century, including Herbert Hoover, industry groups, and a massively popular show called “General Electric Theater that starred a Hollywood actor named Ronald Reagan. (02:49)

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Read a transcript of this episode here.