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The false ideology that caused our financial failure

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And finally, the most illogical statement I have ever read, “Markets are beautiful in good times, but especially impressive in bad.” Here’s the interpretation of that expression of the free market believer: The worse the beautiful free market makes the economy, the more impressive it is.

It’s impossible to understand a mind that actually believes that his ideology of an unregulated, free market, no matter what crisis, catastrophe, disaster, economic collapse, and suffering for millions of people it causes, is beautiful and impressive.

The danger of Rockwell’s ideology is that there are people who can be misled into believing in it and because of those misleading beliefs will do whatever they can to prevent the steps needed to be taken to reinstitute the regulations needed to prevent the fraud, manipulation, price gouging, cheating and stealing that is the obvious, direct result of the unregulated, Lew Rockwell style free market economy that has left us where we are today. As we have seen in the free market economy, the crooks, the liars, the thieves are given the perfect, unregulated opportunity to rise to the top.

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Ed Martin is an ordinary person who is recovering from being badly over-educated. Born in the middle of the Great Depression, he is not affiliated with nor a member of any political, social or religious organization. He is especially interested in (more...)
 

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Free Markets by Ty on Thursday, Jul 24, 2008 at 4:02:54 PM
Covered it by Ed Martin on Thursday, Jul 24, 2008 at 4:16:46 PM
Shlackman nails it... by waldopaper on Thursday, Jul 24, 2008 at 4:41:36 PM
Treat The Disease Not The Symptoms by Brad Evans on Thursday, Jul 24, 2008 at 5:12:48 PM
CAPITALISTS WILL INEVITABLY REPEAL NECESSARY REGULATIONS by rhalfhill on Friday, Jul 25, 2008 at 10:40:56 AM
The Free Market Economy is a myth! by Stanimal on Thursday, Jul 24, 2008 at 5:42:38 PM
Free Markets by pft on Thursday, Jul 24, 2008 at 8:35:25 PM
Talk about strawmen by Darren Wolfe on Thursday, Jul 24, 2008 at 9:05:21 PM
doubleplusgood... by waldopaper on Thursday, Jul 24, 2008 at 10:33:49 PM
Free Market by steve scheetz on Thursday, Jul 24, 2008 at 11:14:01 PM
well by pft on Friday, Jul 25, 2008 at 4:05:46 AM
like communism by francine on Friday, Jul 25, 2008 at 1:14:53 PM
Free markets by Darren Wolfe on Friday, Jul 25, 2008 at 2:04:28 PM
Nothing can survive corruption by TomK on Friday, Jul 25, 2008 at 12:07:23 AM
Corruption's source by Darren Wolfe on Friday, Jul 25, 2008 at 5:33:08 AM
With this recitation of the horrors of a free market,... by John Sanchez Jr. on Friday, Jul 25, 2008 at 8:47:51 AM
Mark it by Markageloo Breza on Friday, Jul 25, 2008 at 9:31:21 AM
Libertarians are just republicans that want to smoke dope by Levon on Friday, Jul 25, 2008 at 11:26:33 AM
ROTFLMAO! by steve scheetz on Friday, Jul 25, 2008 at 12:35:58 PM
Free market? by Levon on Friday, Jul 25, 2008 at 12:14:06 PM
Again... by steve scheetz on Friday, Jul 25, 2008 at 12:39:36 PM
Free Markets/Competition by pft on Saturday, Jul 26, 2008 at 3:59:59 AM
Please read my article: by Darren Wolfe on Friday, Jul 25, 2008 at 1:56:52 PM
If by pft on Sunday, Jul 27, 2008 at 12:04:58 AM
Egregious examples by Ed Martin on Friday, Jul 25, 2008 at 2:24:30 PM
You have it backwards by Darren Wolfe on Sunday, Jul 27, 2008 at 7:57:59 PM
Seriously uninformed about Libertarianism and Free Markets. by steve scheetz on Friday, Jul 25, 2008 at 3:00:02 PM
If a free market does not allow for slavery... by John Sanchez Jr. on Friday, Jul 25, 2008 at 4:33:50 PM
But Steve, by Ed Martin on Friday, Jul 25, 2008 at 4:41:59 PM
THE NEARER TO A COMPLETELY FREE MARKET, THE WORSE THE RESULT by rhalfhill on Friday, Jul 25, 2008 at 6:25:41 PM
Misdirection? by steve scheetz on Friday, Jul 25, 2008 at 9:51:40 PM
You are depending on universal human benevolence... by John Sanchez Jr. on Friday, Jul 25, 2008 at 10:19:07 PM
a wolf in sheep's clothing??? by siamdave on Saturday, Jul 26, 2008 at 2:19:33 AM
Here we go with the ignorant remarks again. by steve scheetz on Sunday, Jul 27, 2008 at 7:10:14 PM
This was a great by Mike Folkerth on Sunday, Jul 27, 2008 at 10:43:46 AM
here we go with the name calling again .... by siamdave on Sunday, Jul 27, 2008 at 10:13:39 PM
They were very irrational conclusions. by steve scheetz on Monday, Jul 28, 2008 at 8:51:43 AM
still not convinced .... by siamdave on Monday, Jul 28, 2008 at 11:46:29 AM
I did not read by steve scheetz on Monday, Jul 28, 2008 at 2:02:48 PM
that's the point by siamdave on Monday, Jul 28, 2008 at 9:12:51 PM
and the winner is ... by siamdave on Tuesday, Jul 29, 2008 at 9:39:47 AM
ROTFLMAO! by steve scheetz on Tuesday, Jul 29, 2008 at 9:59:37 AM
Slavery by Darren Wolfe on Wednesday, Jul 30, 2008 at 6:43:31 AM