Friday, November 11, 2011
There are no Free Market Fairies...
We might be on the verge of an unprecedented global economic meltdown. But if you watched the Republican debate and are really, really gullible - you might think there's an easy fix to all our troubles. From the European debt crisis - to the jobs crisis here at home - to the health crisis - to the looming energy crisis - to the housing crisis - to the student loan debt crisis - you name the crisis - there's a one-size-fits-all solution to it - and all the Republicans on stage last night didn't shy away from talking about it. That solution - let the so-called "free market" work. 53 million people uninsured? The free market will fix that!
Greece and Italy are about to drag the entire global banking system into a depression? The free market will fix that too! Student loan debt topped a trillion bucks for the first time? Leave it up to the free market to fix it.
Republicans have one talking point - just one solution to all our problems - and that's by hyping up the power of the so-called free market - or in Herman Cain's case - hyping up the power of his 9-9-9 plan AND the free market. But let's think about that for a moment - what exactly does it mean? What does "let the free market work" really mean? Does it mean to remove government - and deregulate everything? So when the Republicans talk about letting the free market work - they might as well be saying let the free market fairies wave their magic wand and everything will be just fine.
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