Saturday, September 20, 2008

Free market delusion

A free market economy is "an economic system in which individuals, rather than government, make the majority of decisions regarding economic activities and transactions." It’s been also professed that the same free market was guided by some “invisible hand” and that the less regulation the better. Well, this weekend, American taxpayers like me will come to the harsh realization that “free market” was indeed another myth like the Bible, the US constitution and the soon-to-be-defunct internal-combustion engine. The “invisible hand” was in fact the insatiable Wall Street picking into our pockets while its CEO made up like bandits under Bush’s “deer-caught-into-the-headlights" glance during all these year. Yes, all this festered under president Bush’s watch and six years of republican dominated congress that refused any additional financial regulations, promised low taxes but forgot to tell us that “we the people” would have to pay an extra trillion dollar not just over our own lifetime, but those of our kids and grand kids as well. Good job GOP!

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