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Economic Collapse, Huge Disparity of Wealth: Logical Outcome of the Free Market

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To borrow a phrase from Barack Obama's old pal, Rev. Jeremiah Wright-- the chickens of the free market are coming home to roost! And it ain't pretty! After 28 years of cutting government regulations and allowing corporate America to run wild, our country has become a polluted, ecological disaster, a second-rate debtor nation perpetually at war. In addition, we have devolved into a two-class society where average citizens are left with diminished standards of living while the super rich live extravagant, yet isolated lives in high-tech security mansions.

This is the true legacy of the free market-- a few winners and a whole bunch of losers. Of course, in the end, even the winners will be losers, because if enough people can't afford the necessities of life or go broke, even the high-tech security mansions of the super rich won't be able to protect them from the angry mob.

People in Third World countries are already fighting over food. And unless we make some serious changes in our country, how long will it be before average Americans are doing the same?

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John F. Miglio is the editor of the Online Review of Books & Current Affairs and author of Sunshine Assassins, a futuristic political thriller.

The views expressed in this article are the sole responsibility of the author
and do not necessarily reflect those of this website or its editors.

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To Libertarians & Objectivists by John F. Miglio on Monday, May 5, 2008 at 12:18:01 PM
A false choice by Justin Hinkley on Saturday, May 10, 2008 at 8:09:03 PM
Last Comment by John F. Miglio on Tuesday, May 13, 2008 at 2:30:04 PM
Hmm.... by Justin Hinkley on Saturday, May 3, 2008 at 9:30:04 AM
Free Market? by Steve Grycel on Monday, May 5, 2008 at 3:30:41 AM
More Kool-Aid please by Gregg Gordon on Saturday, May 3, 2008 at 10:18:29 AM
There's No Free Lunch by PrMaine on Saturday, May 3, 2008 at 1:39:45 PM
Unfortunately... by Justin Hinkley on Saturday, May 3, 2008 at 3:50:25 PM
Businesses by Ty on Saturday, May 3, 2008 at 11:04:24 PM
Taxes by Steve Grycel on Monday, May 5, 2008 at 3:42:49 AM
Government by Ty on Saturday, May 3, 2008 at 11:14:59 PM
FREE MARKETS INEVITABLY DEVOLVE TO RULE BY THE PLUTOCRATS by rhalfhill on Sunday, May 4, 2008 at 12:46:43 AM