Ie on its way to a collapse? First bank bailouts. Then QE Now belt tightening. Big tech stifling innovation? Seems like the ups and downs of the market is being decided by a few people at the top and not by innovation or market efficiency. TC 430k Yoe 14
This is not a free market so it’s not “dying.” It’s a mixed economy. Welcome to Econ 101.
What you’re describing is oligarchy, not “communism”
Why do you think the ups and down of the market are decided by a few people exactly?
Fed. Rates.
When wealth disparity in an economy is high, obviously it's easily influenced by only those who have the most, monetary policy be damned
The things you describe are not characteristics of a free market.
Exactly why the question
If you think we live in a “free market” where the best ideas win, I’d look up the history of Silicon Valley lol.
Pls elaborate
Capitalism for the poor, socialism for the rich
Yes. Government intervention into the free markets distorted the truth and price discovery for a long time now.
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US is going from Free Market Capitalism into Orwell.
The US hasn't been anything close to free market in a good long while.
True, went the wrong path starting with New Deal and keeps going to the left ever since.