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Creativity Quote by Tom Scholz

"The public has been sold a bill of goods about the free market being a panacea for mankind"

About this Quote

Scholz’s line lands like a guitarist’s clean, clipped riff: blunt, memorable, and engineered to cut through noise. Calling the free market a “panacea” isn’t just policy critique; it’s a jab at the quasi-religious marketing that often surrounds capitalism in American life. The word choice matters. “Sold” and “bill of goods” frame ideology as commerce, suggesting the public didn’t freely arrive at this belief so much as get pitched, upsold, and left holding the receipt. It’s a musician’s way of talking about power: not as abstract systems, but as persuasion, branding, and repetition until the chorus becomes common sense.

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

TopicJustice
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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.

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Tom Scholz on Free Market: Not a Panacea for Mankind
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About the Author

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Tom Scholz (born March 10, 1947) is a Musician from USA.

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