My socialoid friends constantly whine about how this, that, or the other thing demonstrates how the free market doesn't work and thus the nation needs more regulations spewed upon us by the Kind And Loving State™ in order to bring about Heaven On Earth.
I generally have no choice but to respond by reminding them that we do
not actually have much of anything resembling a free market here and that in actuality much of the problem we face arises from over regulation and freebies given out by those who've managed to get their trotters in the trough.
The collapse of the housing market bubble (which follows the collapse of the dot com bubble) is a perfect example, as all sorts of housing related industries line up to get their snouts as close to the Trough Of Tax Dollars as possible. I am not a CPA, but I know an excellent free market CPA and she describes that particular giveaway to the Blessed this way.
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