Free Market Fantasies: Capitalism in the real world

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There is endless talk about the free market and it's virtues. Entrepreneurs compete on level playing fields and the public benefits. The chasm between such fantasies and reality is acute and growing wider.

Megamergers and monopolies are limiting competition. Fewer than 10 corporations control most of the global media. The existing free market depends heavily on taxpayer subsidies and bailouts. Corporate welfare far exceeds that which goes to the poor. Economic policy is based on the dictum, takes from the needy and gives to the greedy. The captains of industry of today make the robber barons of the 19th century look like underachievers. The gap between CEO and the worker salaries has never been sharper. One union leader put it this way, "Workers are getting the absolute crap kicked out of them".

Product Code: 145

 

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