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Do you think the free market policy in America is harmful?

Because I seriously do. I feel that America has too many bloody problems a lot of them caused by the free market idea. It's a great place to live in if you're rich though. But it really promotes corruption and greed.

Public Comments

1. No. Free market economy is the basis of America. It's what sets us apart from communist and socialist countries. Have you seen how well they've done? Any kind of government and any kind of economy is going to have corruption and greed. I challenge you to find a single one that, when in practice, doesn't. The fact still remains that the free market economy is in place all over the world for a reason. Because it's the option that works the best and is, by comparision, the most fair. If you don't like it, you could always try Russia or Cuba and see if you do any better there.
2. Consider the alternative !! http://www.youtube.com/watch?v=HCpUxoseopY
3. The free market policy is as good as the basic principle of it. For example, free market policy will force prices of consumer products to toe the line of consumer demands. However, certain areas need to be regulated such as the financial products that people invest in. The problem with the current financial meltdown in the US is caused by debt market which has been abused by US financial institution. Current debt market in play is not directly asset-backed and this is one of the issues/matters that requires strict regulation in order to protect ordinary citizen.
4. No. Completely and utterly no. America doesn't have free market capitalism, capital comes from savings, and if you understand how the fractional reserve banking system works, you'd understand why there is a disincentive to save. To simplify it, commercial banks lend money they do not have, the loans become deposits, and if the commercial bank cannot honor the debt to the depositor, the central bank (in this case the federal reserve) will come to the rescue and print new money which it lends to the commercial bank so that they can fund withdrawals. Does this sound like a "free" market system to you? *edit* Do you know that the US revolutionary war was faught because they objected to being forced to borrow money from the bank of england, before that the US traded their own debt free money called colonial script in the domestic free market, england passed a law prohibiting colonial script, because it was a lucrative market that the bank of england wanted a monopoly over, that started a war, because debt slavery is not freedom, and eventually world bankers got what they wanted anyway by setting up the US central bank, they funded Woodrow Wilsons campaign and thus the Federal Reserve ACT became law.
5. It not only promotes corruption and greed, it guarantees it. We had Enron, and yet no reforms were made to ensure corporate transparency. I think that the market can work, but I believe there has to be a certain degree of control and transparency. The American consumer has been fleeced and gouged by greedy credit and mortgage lenders, and energy companies. Now it's to the point where the average American is so deep in debt that they're defaulting on their loans, and the system is collapsing. I think there needs to be reforms made that protect consumers not only from predatory lenders, but from themselves. If you can't afford it, you can't buy it. It's that simple. This is a nation with an insatiable thirst for material wealth, and that thirst continues to become greater and greater as everyone is trying to keep up with the Joneses. And greedy credit lenders have promoted the endless pursuit of material wealth. Advertisements for credit cards on television and online are endless. Everyone can finance their lavish lifestyle if they just take out another credit card. However, the days of this are coming to an end. Some serious reforms need to be made. Banks have been lending money they don't have to finance the American Dream. It's a cancer that has eaten away the foundations of the system, and now the collapse is near. Now Joe Taxpayer is paying the price for America's debauchery and excess.
6. The problem I have is, do most Americans have the opportunity to become corrupt and greedy. No.