Wall Street Crisis Fruit of Government, Not Free Markets

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