Wednesday, October 01, 2008

Unfree Markets

With the US meltdown still going strong, and yet another tax-payer funded bailout of big banks in the offing, its interesting to watch these prophetic videos by Max Keiser from May of 2007:





Bottom line, the issues we see today in the US and world markets are not a problem with the "free market" because the market is not free - it is economic fascism where what regulations do exist are set up to benefit the rich and powerful, rather than protect others in the market.

That they claim it is "deregulation" doesn't make it so. And now they are poised to enrich themselves again, while we all suffer.

(h/t to Red Tory)

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