For the past few years we have been told repeatedly by politicians and the media that the Free Market has caused the economic recession. Giving the markets, or banks to be more precise, too much freedom to do business resulting in them mismanaging money and going broke, so we're told. That they were bailed out by governments is another days discussion, the question today is: were the banks operating in a Free Market in the first place? Do We live in a Free Market?
A completely free market is a form of a market economy where buyers and sellers are allowed to transact freely (i.e. buy/sell/trade) based on a mutual agreement on price without state intervention in the form of taxes, subsidies or regulation.
A few times people have seen my views to empower people, as a hatred of people. So I am forced to take stock and have a look at myself and my perhaps flawed thinking. Here I try to understand: Why I hate the poor.
Because I think all citizens, especially the poorer members of society having near half of their income taken forcibly from them by the state via income tax and VAT, I am called 'crazy'. I think people spend their own money best. Now how this equates to ‘Why do you hate the poor?’ I can't quite grasp.
Regardless of what the law says, I trust individuals with their own money more than proven incompetents.