Embedded Liberalism Is Much Preferred

Embedded Liberalism Is Much Preferred

I would much rather have embedded liberalism that disembedded liberalism. Like Nate said in his response to Caitlin’s post, “[t]he emphasis is on the cheapest skilled labor and when technology changes many people are left behind. Ultimately they say that disembedded liberalism is a short-term solution.” This blind race for profit cannot continue any longer, and the myriad of “short-term solutions” must stop. If all the stops were pulled out and laissez-faire capitalism was allowed to flourish, the consequences would be disastrous. The lack of regulation would result in economic instability, environmental destruction, social injustice, and conflict. Looking back on the Enron and MCI Worldcom scandals, Hooker Chemical Company’s Love Canal, Union Carbide’s Bhopal Disaster, Halliburton’s past and present bad behavior, and the endless list of other corporate malfeasance, I can be sure that embedded liberalism is much preferred to disembedded liberalism and the great harm it could cause.