There is not and has never been a free market in the United States. Why not? Because the Congressmen and women now railing against financial socialism depend for their re-election on the companies they subsidise. The legal bribes paid by these businesses deliver two short-term benefits. The first is that they prevent proper regulation, which allows them to make spectacular profits and to generate disasters of the kind that Congress is now confronting. The second is that public money which should be used to help the poorest and weakest is instead diverted into the pockets of the rich.
It comes a propos of a reflection on the bank-shore-up in the USA. Read the rest of the article before you throw chairs at me; but I would be interested in responses if there are any.
Monbiot.com � Congress Confronts Its Contradictions: "There is not and has never been a free market in the United States.
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