Foucault's new domains Book

The subtitle is more appropriate, which is “The strengths and limitations of markets” – markets have many inherent limitations, and government rightly steps in when these market failures lead to undesirable results. The main argument is that those who argue for marketizing everything are short-sighted and miss the reality of the world; deregulation of airlines, for example, led to worse deals for the customers and less profits for the businesses. Regulation is a critically important aspect of free market society.