The Republicans and Democrats share two key characteristics. The finance industry is the leading political contributor to both parties and both parties’ views of finance are largely shaped by neoclassical economic views that are false, destructive, and so dogmatically held that they have remained immune to repeated falsification by reality.
– William K Black
When I read this comment by Prof. Bill Black, an outspoken critic of the out-0f-control US financial sector, it struck me that he is describing a situation very similar to what we see in the nutritional science and agri-food sector. The way that the influence of monied industry interests has distorted the process in their favour at the expense of the general public is eerily similar in both cases, IMHO. We go on clinging to an obviously discredited paradigm in the face of compelling evidence to the contrary while chronic disease rates rise and health status goes into decline. Why?
I shall be blogging more on this topic soon.