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To: ezfindit

The free market (Laissez-faire Capitalism) did not cause this crisis, the government (CRONY Capitalism/Socialism/Communism) did.

The free market did not create Fannie Mae, Freddie Mac, Ginnie Mae and Sallie Mae, the government did.

The free market did not pass laws that force banks to lend to those who do not qualify for a loan, the government did.

The free market did not take us off the gold standard, the government did.

The free market did not dump trillions of dollars of cheap money into the system causing the largest asset bubble in history, the government did.

The free market did not create multiple multi-trillion-dollar unfunded entitlement programs, the government did.

The free market did not write a 60,000+ page tax code that punishes work, rewards sloth and buys the votes of special interest groups, the government did.

The free market did not destroy our public school system and graduate (or fail to graduate) generations of civically and financially illiterate citizens, the government did.

The free market did not drive our jobs overseas and kill our entrepreneurial spirit with over-taxation, over-regulation and frivolous lawsuits, the government did.

The free market did not ban drilling for oil, vilify coal and block the building of nuclear power plants in the United States, thereby transferring hundred of billions of dollars of American wealth and many thousands of energy-industry jobs to foreign countries, the government did.

This crisis is the result of a giant social engineering experiment and vote-buying scheme gone tragically wrong.

The free market does not try to engineer society or buy votes, the government does.

The government caused this crisis, the free market did not.

The government cannot fix the crisis, the free market can.


2 posted on 02/15/2010 10:50:17 AM PST by Painesright
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To: Painesright

Excellent summary.

Here’s another article that’s pretty good at explaining what Capitalism really is and how free-markets are supposed to work:
http://chrisbanescu.com/blog/2009/01/22/a-primer-on-capitalism/


3 posted on 02/15/2010 10:58:05 AM PST by ezfindit (ConservativeDatingSite.com - The Right Place for Conservative Singles)
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To: Painesright
The free market did not pass laws that force banks to lend to those who do not qualify for a loan, the government did.

The government did not force the free market to take those loan programs and make them available to the general public, the free market did.

A huge hunk of the existing problem came from that one private sector activity.

4 posted on 02/15/2010 11:22:17 AM PST by joesbucks
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To: ezfindit; Painesright
Painesright: Great summary!

Freedom of individual enterprise is, as someone has said, just the economic dimension of liberty.

Those who wish to denigrate and destroy what they perjoratively call "capitalism" are simply destroying the economic dimension of humankind's liberty.

Their coercive use of government power to redistribute wealth undermines and destroys the very foundations of true liberty, all in the name of "helping" people.

5 posted on 02/15/2010 11:28:42 AM PST by loveliberty2
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To: Painesright

And your point is?


7 posted on 02/15/2010 12:15:36 PM PST by who_would_fardels_bear (These fragments I have shored against my ruins)
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