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Monopoly finance capitalism created a surplus of misery. Political Washington let it happen. Corrupted politicians and banksters created an economic system based on unbridled fraud and greed.
America runs by Goldman Sachs rules, pyramiding Ponzi scams to defraud investors and working households with the full faith and blessing of Washington.
Business models are based on highly leveraged fraud for maximum gains, knowing if speed bumps produce trouble, bailout rescues follow. In fact, Wall Street's culture encourages fraud. Nearly risk-free rewards are assured.
Milton Friedman and his acolytes practically encouraged it by saying government's sole function is "to protect our freedom both from (outside) enemies....and from our fellow-citizens."
It's to preserve law and order, enforce contracts, protect private property, and "foster competitive (unregulated) markets." Everything else in public hands is "socialism....blasphemy."
He said "free markets" work best unfettered by rules, regulations, onerous taxes or any at all, trade barriers, entrenched interests, and human interference. In other words, anything government does, business does better so let it, free from public interference.
He believed profit accumulation should be unrestrained. He said government interference restricts freedom. He called "economic freedom....an end to itself....and an indispensable means toward (achieving) political freedom."
He wanted government out of the way to give unfettered capitalism free reign. In other words, Goldman Sachs rules are fine even when economies and working households are looted for private gain.
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