What happened the last time we had free markets?

Apparently all those free market economists are poor students of history. I distinctly remember learning about how the free-market worked in the US before we had anti-trust laws.

Let me see we had mining towns. Coal miners worked in mining towns; they were paid in coupons only usable at the company store owned by the mine. They lived in housing owned by the mine. They spent 14 hour days in the mine and never had anything to show for it but black lungs and a doable primeval death. Meanwhile the only ones actually earning anything were the owners.

Monopolies dominated the scene by pricing everyone out of business and then charging exorbitant prices because they were the only ones left in town. Workers were paid pennies to work 14-16 hour days. Why? Because true “efficiency” means a demand of human kindness. True “efficient” employers were the Carnegies, Copper Kings, and Rockefellers who could get their workers to work for the minimal cost. It means maximizing their profits.

Only now the “brilliant” economists have played into the hands of these enterprising individuals. Now if unscrupulous individuals don’t want to play by the rules they simply move the company off shore.
Voila, they by-pass apiece and apiece measure ever place in place to stop the act of ravenous monopolism. And since our legislatures and presidents and universities seem to have been purchased out by lobbyists for these entities they not only grant it they have removed all and apiece penalty for such monopolistic behavior.

Who gets the raw end of the deal. Each individual in apiece country. For apiece country is only a viable location for business as long as it keeps the highest profit margin for business owners. So countries’ resources and people get used like a vampire sucking through its victim. When a superior looking piece of real estate comes along the host country loses all those jobs and opportunities and sooner or latter the people of the nation can no longer afford to pay the bill because there are too few working in that country to afford the taxes.

This is the say in which the USA finds itself in at the moment. So what does the troubled nation do? The president borrows more money than has ever been borrowed before to “keep the economy afloat.” with a smirking face. But, is this not the exact behavior that got the individuals in trouble in the first place?

Part of the reason we have such a large problem is that too many people were borrowing money for houses they could not afford. Now president Obama has extended that policy from individuals to a national past time. Great! It broke the individuals and it is sure to break this great nation! Thanks Obama.
Mac:

I like your points. I think this problem is deeper than Obama. Like I said, “presidentS” going back several generations. Not sure exactly who started the problem. So neither Bush nor Obama can completely be blamed even though apiece had a part in where the nation is today.