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:
- Efforts to Regulate ‘Wild West’ Markets are Long Overdue
- Charles and David Koch, supporters of free markets and economic freedom
- ‘Political capitalism’ explained in Wichita
- Defending insider trading
- Causes of global finance crisis explained in Wichita
- Profit motive in health care is essential
- Financial crisis caused by government
- The Myth that Laissez Faire Is Responsible for Our Present Crisis
- 1,000 to Protest Attack on Free-Market Principles at U.S. Capitol
- Regulation supports business, not capitalism and free markets






