Thursday, September 18, 2008

Free Market


“For years now, we have had to listen to bankers attacking Washington for imposing regulations that inhibit the free markets from making even more money.” ~ Philip Broughton

Free-market capitalism lies shredded ... while America's confidence is badly shaken

Sept 18th 2008 Philip Delves Broughton

http://www.dailymail.co.uk/news/article-1057395/Free-market-capitalism-lies-shredded--Americas-confidence-badly-shaken.html

This relates to a subject that intrigues me, the so called Free Market. In a time when banks are being bailed out with huge government interventions and businesses that should be left to fail if they cannot develop a profitable business plan are propped up by laws that prevent their failure entirely. How can the market want it both ways? A free market has proven itself time and time again. If the market was left to it’s own devises, there would be no need for a bailout. Banks would fail, entrepaneurs would see an opportunity and start a better bank. One built on a more solid foundation instead of an assumed invulnerability. Some would succeed, others would fail. That is how improvements are made and what this country was built on.

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