Radley Balko writing about the activities of the United States Government in Reason Magazine:
Many commenters have blamed all of this on capitalism. This isn’t capitalism. It’s a peculiar kind of corporatist socialism, where good risks and the resulting profits remain private, but bad risks and the resulting losses are passed on to taxpayers. There’s nothing free-market about it.
Also: Bailout plan splits free-market backers
Related posts:
- Free market economists weigh in on Paulson’s plan
- ‘Political capitalism’ explained in Wichita
- Defending insider trading
- Profit motive in health care is essential
- Financial crisis caused by government
- Hard to believe, but not everyone in politics wants a free lunch
- The danger of auto industry nationalization
- Joe Scarborough: Please Stop Saying Laissez-faire
- The Myth that Laissez Faire Is Responsible for Our Present Crisis
- Regulation supports business, not capitalism and free markets







