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

This quote by Tom Scholz suggests that the general public has actually been misguided into believing that the free enterprise is an option to all of mankind's problems. The free market is a system of economics that counts on the complimentary exchange of goods and services in between purchasers and sellers, without government intervention. Nevertheless, this system is not a cure-all for the world's issues. It can develop wealth and opportunity, however it can likewise cause inequality, exploitation, and ecological destruction. The free enterprise is not a panacea for humanity, and the public must understand its potential disadvantages.