"Free market capitalism has failed."
Usually meant to include 'deregulation.'
What the fuck does that even mean considering we don't have a free-market system! How would we know?
Depends where we sit doesn't it? It's not really deregulation if the system prior to it was over burdened with excessive regulation? On the flip side, they will argue the system was too open and unregulated to be open to deregulation. The result being the 2008 meltdown.
There are kernels of truth in both and not the subject here.
We have a freeish system. After all, the market needs a leash. But who gets to control the leash? Cronies and flunkies which is what we have at the moment.
Across this continent economic policies are created based on votes. Right there we lose the plot.
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