Since the dawn of civilization, markets have been ubiquitous. Many of us have benefited from their focus and efficiency. Yet two widely held beliefs - that markets are best left unregulated and that markets are inherently benign - are naive and outdated.

The accumulation and cross-generational transmission of wealth in the United States has gone way too far. When a young hedge-fund manager can take home a sum reminiscent of the gross national product of a small country, something is askew.

For many, perhaps most, Americans, markets are sacrosanct. Most people in the United States cannot even envision a society that doesn't revolve around an untrammeled market.

Howard Gardner Quotes