Posts Tagged ‘socialized risk’

The Free Market Recipe: Deride Government. See That It Fails. Collect Tax Payer Bailout

Too Big To Fail - photo by Matej Pangerc

What we have in the United States is crony capitalism with side orders of privatized profit, and socialized risk. The “free market” advocates have no problem making the market just a little less free by lobbying congress for favorable perks for their respective businesses and industries. While they are in town they also push for favorable…
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A Brief: The State Of Capitalism In The United States Of America

Buddy, Can you spare three TRILLION? - photo by A. Golden

I want to make one point very clear, there has never been a “free market” in the United States. If lobbyists can descend on Washington to sway congress to shape legislation in favor of their clients (corporations) then there is nothing free about the marketplace of capitalism in this country. A free market would mean…
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