If "free-markets" are so good for the economy - why did the U.S. government "seize" Freddie Mac and Fannie Mae over the weekend?
Clearly industry can't be looked upon to
regulate itself. This is the housing market's third black mark since the 1980s - how many times are we going to allow industries to run amok?
Need we be reminded of the energy industry's shenanigans just eight years ago?
How much government do we want? We can't have the government that Republicans want - as this post shows. We need government oversight of industry.
Please don't tell me that you actually believe that Fannie/Freddie were "free-market" corporations, they were government chartered and sponsored corporations, about as far from "free-market" as you can get.
We have been fighting the wrong thing folks, it is not the "free-market" that is the problem, it is corruption that is the problem. Corruption in HIGH PLACES, including the government that provides "favors" "privilege" and an un-level playing field. We don't have a "free-market" and haven't for decades.
Eventually, we will see just how a managed economy can crash, and we will all pay the price for the massive government intervention into the markets.
