Oireachtas Joint and Select Committees

Wednesday, 25 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

On page 1 of Dr. Mercille's opening statement he makes the point that private media entities and large corporations were embedded in a for-profit economic system and thus are part and parcel of the broader market economy, and he outlines the consequences as he sees it of this. What are the alternative economic systems to which he refers implicitly when he states they were embedded in a for-profit economic system and the broader market economy? What is the alternative in his view?

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