THE LIMITS OF MARKETS. Matt Singer tackles one of the under-noticed absurdities of Republican Party today as he muses over the weird conservative belief that privatization is always better. I tend to focus on the reasons that it�s BS as it relates to health care (an argument I make most fully and most recently here). But the faith-based affection for privatization is absurd as a general organizing principle, not just in specific areas.

For a nice, complete takedown of this perspective, take a trip in the Prospect's wayback machine and read this excerpt from Bob Kuttner's Everything for Sale. And while you're basking in that bit of brave economic counterintuitivism, marvel at how free and user-friendly the Prospect's wayback machine is, and think about how you should subscribe to the magazine in order to support its continued maintenance and operation.

--Ezra Klein