Paul V. Azzopardi

Capitalism and Freedom: Rethinking the Political and Economic System

Your points perhaps best illustrated by the recent speculative activity in oil, generating a price spikes.


On Mar 22 11:27 AM EMS News wrote:

> There is no such thing as a 'free market'. It is a fiction. Instead,
> you have social systems which have varying degrees of integration
> and sharing. The anti-socialistic beliefs of 'free market' people
> show through all the time. For example, they don't seem to care a
> whit about the US running immense trade deficits due to the outsourcing
> of both jobs and manufacturing. Even much of our banking has been
> off-shored!
>
> And our present system encourages cartels. For example, a number
> of cross-integrated financial systems like Goldman Sachs, just for
> one glaring example, controls many other businesses of all varieties.
> When you go shopping in a grocery store, looking at the labels, you
> would think there is a great variety. But if you look BEHIND the
> labels, you find that 90% of what you see are really all owned by
> two or three mega-corporations.
>
> We get interlocking cartels and monopolies when the government allows
> people with excessive access to credit, to buy up all systems and
> turn them into profit centers by eliminating competition. This is
> why a fully-free market system always degrades into a locked-market
> system run by despotic owners seeking maximum personal profit with
> minimal service.
>
> This is why the US is now very deep in debt and is doubling our national
> debt to bail out a bunch of cartel financial houses that took on
> too much debt, trying to buy up and control all financial systems!