The end of Free Market Capitalism

If you're watching CNBC, Fox Business or any other financial channel you're hearing the same mantras every day.

"We had to bail them out, otherwise there would have been a major financial meltdown."

"This is the purpose of the government, when the free market loses control."

WRONG AND WRONG.

The essential purpose of the free market is you have good times, and you have bad times. The mortgage and financial companies make irresponsible decisions. If you and I operated like they did we'd be in debt up to our ears with no lifeline. All because we're not "too big to fail".

So what's the moral of this? If you're going to make irresponsible decisions, just make sure you do it at a magnitude that can hurt the maximum amount of people possible. If you do it any less, nobody cares to help you. Just make sure you're too big to fail.

So, now that the government comes in and buys up all the debt. No big deal, they'll just print some more money. All the financial institutions face no punishment for their decisions, and get to do it all over again. You and I get to pay this for the rest of our lives.

Welcome to the United Socialist Republic of America.