Monday, November 09, 2009

A fundemental misunderstanding of "free market"

BBC NEWS | Special Reports | Free market flawed, says survey
Twenty years after the fall of the Berlin Wall, a new BBC poll has found widespread dissatisfaction with free-market capitalism.

In the global poll for the BBC World Service, only 11% of those questioned across 27 countries said that it was working well.

Most thought regulation and reform of the capitalist system were necessary.

There were also sharp divisions around the world on whether the end of the Soviet Union was a good thing.
In a world where governments (and unions) continue to dictate how much employees may be paid, who companies are allowed to trade with and where they may trade, and collecting permission fees (a.k.a. "taxes") for their ability to operate, someone please tell me exactly where this fabled free market is and how I can get there.

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