Completed: October 12, 2025
Recommendation: Highly recommended
Recommended By: Nobody
Review:
The reality is that the "magic" of the free market is not really magic. It is a drive to profitability and numerous examples (such as electrification of rural areas) detail how ineffective the free market can be. Thus, the free market does need some bounds and some regulations (don't dump your waste into the river). The big myth we have been sold is that the free market somehow solves things that "big government" cannot. Yet actually looking at the data, "big government" is highly effective at helping address social ills. That is because the free market and profitability do not necessary align with resolving social ills (indeed, child labor and slavery show that it can aggravate social ills). Reagan's trickle down that never trickled is the heart of the data set that shows clearly how untempered self-interest does not make things better for us. The dichotomy between free market capitalism and communism is a false dichotomy with a LOT of space in between. Our liberty as a people is not at risk when the free market is properly supervised.
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