"The public has been sold a bill of goods about the free market being a panacea for mankind"
About this Quote
The subtext is less “markets are bad” than “markets have been mythologized.” Scholz isn’t arguing about whether competition can generate innovation; he’s targeting the overreach of treating one mechanism as cure-all for inequality, healthcare, education, environmental damage, even civic trust. “For mankind” widens the scope and sharpens the accusation: this isn’t a local policy disagreement, it’s an export product, a global story sold as destiny.
Contextually, it fits the arc of late-20th-century America: deregulation, privatization, and the Reagan-era confidence that efficiency and growth would automatically translate into fairness. Coming from an engineer-minded rock figure (the Boston founder famously built and tinkered with his own gear), the critique has a particular bite: it’s not anti-technology or anti-progress. It’s anti-hype. The line warns that when economic faith is packaged like a hit single, dissent gets treated as heresy instead of feedback.
Quote Details
| Topic | Justice |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Scholz, Tom. (2026, January 16). The public has been sold a bill of goods about the free market being a panacea for mankind. FixQuotes. https://fixquotes.com/quotes/the-public-has-been-sold-a-bill-of-goods-about-116342/
Chicago Style
Scholz, Tom. "The public has been sold a bill of goods about the free market being a panacea for mankind." FixQuotes. January 16, 2026. https://fixquotes.com/quotes/the-public-has-been-sold-a-bill-of-goods-about-116342/.
MLA Style (9th ed.)
"The public has been sold a bill of goods about the free market being a panacea for mankind." FixQuotes, 16 Jan. 2026, https://fixquotes.com/quotes/the-public-has-been-sold-a-bill-of-goods-about-116342/. Accessed 6 Feb. 2026.





