Free Market Debunked

An older article but applies more than ever today.

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Free Market Debunked

By Thom Hartmann, AlterNet. Posted March 17, 2004.
The conservative mantra of 'let the market decide' is, at best, destructive to national and international economies, and, at worst, destructive to democracy itself.

Here are a couple of headlines for those who haven't had the time to study both economics and history:

1. There is no such thing as a "free market."

2. The "middle class" is the creation of government intervention in the marketplace, and wouldn't exist without it (as millions of Americans and Europeans are discovering).

The conservative belief in "free markets" is a bit like the Catholic Church's insistence that the Earth was at the center of the solar system in the 12th century. It's widely believed by those in power, those who challenge it are branded heretics and ridiculed, and it is wrong.

Continued >>> http://www.alternet.org/story/18147