So we did. Jack London called it 'The Abyss.'

Basically, its great for the few, and the rest of us are fucked.

K & R

[font size=5]Stop calling it "The Free Market" because that's Right Wing spin[/font]


"Freedom" sounds good, doesn't it? Saying you are into "freedom" makes you sound good too.

The "Free Markets" sounds like a good thing too.

But ask yourself, what EXACTLY is the "Free Market" free of?

Regulations, or in other words - LAWS.

From now on, when someone says they support "The Free Market" correct them by saying they support "A Lawless Market".

Suddenly, they don't sound like such a "good guy" anymore. You've taken away their time tested, focus group talking point and white cowboy hat and made them the bad guy.

http://www.democraticunderground.com/1022162

and "neoliberal" (which usuallly seems to mean "liberally" unregulated markets).

It's all a bunch of freedumb.

meaning advancing global corporatist agenda at the expense of workers, and the environment.

Free Dumb!

No, not the one who wrote about the Bolshevik Revolution; I'm talking about the last chairman of Citibank before it turned into Citicorp. Some years after shepherding through the transformation of Citi from mere bank to integrated financial services behemoth (and making a shit-ton of money), Reed realized that "too big to fail" financial institutions and so-called free market concepts were not good for the economy.

In introducing the concept, he asked, "Why does a car have brakes?" The obvious answer is to stop the car, but that's not really true. A car has brakes so that you can go fast. To illustrate, Reed asked how fast would you go in a car that didn't have any brakes? Or would you even get in a car that didn't have brakes? The same concept holds true for a healthy economy. The financial sector must have a strong regulatory framework (the brakes on the car) to provide stability and predictability, and to slow things down so they don't get out of control. If investors don't trust the system to work, they won't put their money into it, and that will strangle the economy.

Ayn Rand's Atheist Market, as that is what it is.

As an Atheist that doesn't bother me as much as it does the neo-con nut jobs.

nt

Many buyers Many sellers and easy access to the marketplace for both.
Many small companies is good. Big companies is bad.
Lots of laws to allow easy access and breaking up big companies that monopolize
-Airplane

Current state of the market is that people create a successful company in the hopes the will be poached, rather than in the hopes of long term market share.