Published on 4 September 2018
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Prospect: Should we abolish property rights?

Diane Coyle reviewed Radical Markets: Uprooting Capitalism and Democracy for a Just Society by Eric Posner and Glen Weyl in Prospect Magazine.

She writes: “[The authors] assert that markets have not spread nearly far enough. The book has several eye-catching proposals: that digital companies should pay for personal data; voting credits that would allow people to pay to cast multiple votes on the issues they care most about. But most significantly it argues that everybody would have to state their valuation of everything they own (with exceptions for small items of sentimental value) and pay a wealth tax on the total.”

Later in the piece she comments, “The book is thought-provoking. But it commits the error Sandel identified, of taking markets too far.”

Read the full article in Prospect.

The views and opinions expressed in this post are those of the author(s) and not necessarily those of the Bennett Institute for Public Policy.

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