Re: The economy explained in 2 min. 35 sec.
"...Blind, lumbering giant."
Reich, on the other hand, belongs to the school of thought that an economy is a vast, complex and shiny machine that can be run effectively by a small number of experts pulling the levers and oiling the works.
How has this worked in the past?
"Wisdom" has nothing to do with the free market. It never did.