A Brief: The State Of Capitalism In The United States Of America

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 no oversight, no favors, and no regulations. I’m not saying that would be desirable, I’m simply pointing out a fact that gets overlooked when people talk about the free market. They are talking about something that doesn’t exist.

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‘Only’ 120,000 Jobs Added In March, But Public Sector Job Losses Continue To Shrink

The Bureau of Labor Statistics reports that 120,000 jobs were added to the U.S. economy in March. This is the 15th straight month of job gains when combining public and private sector. It is the 25th straight month of private sector job growth. The unemployment rate dropped from 8.3% to 8.2% but this was largely due to people dropping out of the labor market. The breakdown for March is 121,000 private sector jobs added and 1000 public sector jobs lost.

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