What is the problem with Laissez Faire Capitalism (Page 134 - The Rebirth of Reform)

Answer 1

I don't have access to specific pages or books, including "The Rebirth of Reform." However, I can summarize common critiques of laissez-faire capitalism. Critics often argue that it can lead to significant income inequality, insufficient regulation of necessary public goods, and can sometimes result in monopolistic practices. Without government intervention, essential services like healthcare and education may be underprovided, and issues such as environmental degradation may arise. If you're looking for a specific argument made in that book, I recommend checking the context around page 134 for the author's specific critique.