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The false ideology that caused our financial failure

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Ed Martin
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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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