Have we lost the title of being "free market system" after the bailout was launched?

Question

bailout is a clear violation of free market rules. Then how can you still say that we have free market system?

Answer 1

We lost that title in the early 1900s. We have been violating the free market ever since, and anyone saying differently clearly does not understand what a free market is.

Answer 2

Well, we haven't had a purely free market system for at least a century. Teddy Roosevelt had his anti-monopoly reforms, Wilson gave us the federal income tax and the Federal Reserve, and of course FDR gave us the uber-socialist New Deal, complete with the SEC, the FDIC, and Social Security. The bailout was just more of the same.

Answer 3

we never truly had a free market system. government always had some say in it, but now it pretty much has all say with the gov buying up shares of the companies.

Answer 4

Pretty much, now we just have to see what the real cost will be. How much regulation will be tied to those bailouts?

Answer 5

That's the version of "free market system" under Bush..

Answer 6

the bailout saved the world...you should put this in the business section and maybe somebody will be nice enough to explain why

Answer 7

Yep, it's not free anymore in any sense of the word.

Answer 8

In this nation, there is NOTHING free anymore, including our freedom.

Answer 9

absolutely....just don't tell Barack...he calls it Stalinism