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Republicans  love to go on and on about how truly great the free market is and how private enterprises would better handle all of those things the government usually does and supposedly does a terrible job at but those of us who lived in California remember all too well how "the free market" failed us miserably when electricity was deregulated and turned over to private enterprise in 1996 because of California Legislature (AB 1890) and Governor Pete Wilson which led to the California Energy Crisis of 2000. Market manipulation and mega-watt laundering by companies such as Enron caused massive blackouts and cost the state of California $40 to $45 billion. It sounded like such a great idea at the time it was being touted. We were all told how healthy "free market" competition would provide us all with better service and lower rates. Instead it only encouraged unprecedented fraud. This is what happens when greed is allowed to go unchecked and it will happen every time. When profit becomes the motivating factor i.e.prisons, schools, etc. etc. corruption always ensues.

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Comment Preferences

  •  They call it a "free market" (3+ / 0-)
    Recommended by:
    helfenburg, Australian2, Dodgerdog1

    because they expect you to work for free.

    Ask me if I'm afraid. I say, "Of course not. I'm a fool, and fools never die."

    by Troubadour on Mon Mar 11, 2013 at 01:33:17 AM PDT

  •  Taking free goods to market for a profit is (0+ / 0-)

    the exploiter's ideal. Ever since the arrival of European traders, the exmen have been ascendant. They

    explore
    extract
    explode
    exhaust
    exact
    export
    execute
    exterminate
    etc.

    These are the behaviors of predators, organisms that take without giving anything back. Social organisms, in contrast, care, share and create. It may be that some members of the human species are not, as humans used to be characterized, tool-using animals. If so, then their inability to create and transform their material environment may doom them to taking by force what they need to survive, especially if their linguistic talents aren't up to talking others out of what they have.

    If a person is incapable of creating anything worth while and can't even identify what's good to eat and what is not, then the bounty others enjoy may well seem to have appeared as if by magic.

    "Ask, and you shall receive," may sound like the key to an ideal existence. But, what's a person to do, if the language he speaks is not understood?

    We organize governments to deliver services and prevent abuse.

    by hannah on Mon Mar 11, 2013 at 03:41:03 AM PDT

  •  In classical economics (0+ / 0-)

    the "Free Market" did not mean a market free of taxes and regulation, it meant practically the opposite. It was a market free of predators, monopolists, and unearned economic rents. That free market did not tax labor or consumption, it taxed unearned income that drained the economy's vitality, and reinvested it for the public good. That was a free market the served everyone. Today, that free market is a distant memory.

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