Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Anyone familair with the distinction between the two?
Here economist Josph Stiglitz talks about the end of free market fundamentalism but he describes the U.S system as being corporatist(corporate socialism) and not a free market. So which failed exactly?
A truly free market has been an illusion ever since the federal government stepped in and pushed aside the "invisible hand" for regulation, price fixing, and trade agreements. Thus, the thread is based on a false premise.
Corporates got in bed with Government. That is not the free market, that is not capitalism.
The country is being run and has been run for some time now with laws that benefit those few at the top.
Corporates got in bed with Government. That is not the free market, that is not capitalism.
The country is being run and has been run for some time now with laws that benefit those few at the top.
There was never a free market. The corporatists who own America wouldn't allow it. They got the regulations to tilt the table in their favor. Leveraged buy-outs, derivatives trading, bundled subprime mortgages... They then proceeded to loot the economy and keep their takings.
And now they're funding the tea people, who can't figure any of this out. Are repealing the 14th and 17th amendments and restricitng the vote to property owners in any way populist ideas?
Corporatism has gotten bolder and more organized. They now realize that they can use the anger of people who aren't paying attention against them. And they can even enlist them in their cause. They just have to tap into the angry ignorance and organize some demonstrations, support a handful of radio loudmouths and they have a "movement" that will do their bidding.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Did Free Markets Fail Or Did Corporatism Fail?
