Wednesday, September 17, 2008

Free Market Fallacy

For many years now we've seen regulation legislated away ostensibly for our benefit. In reality the controls that were in place restricted corporations that wanted to get bigger and make more money. We were told the free market would self correct. Corporations would police themselves because it was in their best interest. Investors would profit and the country's economic high tide would float all boats. Well, it's finally come to bear fruit. Not in a good way but certainly in a way all signs have been pointing to for years. The stock market is diving, tanking our investments and threatening a new Great Depression. Our government is loaning billions to banks and investment companies to keep them afloat. So not only do tax payers lose money on our investments, but they have to pay for it as well. How's that working out for you?

Since we end up paying for it, no doubt we'll take the blame, too. After all, it wouldn't be fair otherwise.

3 comments:

Walters said...

four more years! four more years! four more years!

Lexine said...

You write very well.

Hank said...

Thank you.