Regarding the Feb. 4 Under the Dome article “ After talk, Tillis’ hands get second look”: In poking fun at the germs and hand-washing gaffe made by North Carolina’s junior senator, Thom Tillis, most will overlook his more serious error regarding “burdensome regulations.” To quote Tillis, “The market will take care of that,” a phrase that only a member or flunky of the 1 percent could utter with a straight face.
Markets work to allocate resources efficiently, but for those of us who aren’t corporations, efficiency isn’t the only value. In Tillis’ market-driven utopia, there is an optimal amount of health care and an optimal amount of education to be allocated based on who can afford to pay.
For Tillis and company, there is an optimal amount of carcinogenic fracking chemicals in our drinking water and germs in our food, those burdensome regulations be damned. Who exactly is burdened by clean air and water, safe food, drugs and workplaces? We do, however, know who bears the burden for dirty food and water, tainted or unsafe consumer products and lack of health care.
In the long run, no matter how ideologically pure, if it doesn’t work for the 99 percent, then it doesn’t work. And for values other than the efficient allocation of resources, the market doesn’t necessarily work.