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Is the growth of government directly proportional to the failures of free-market capitalism?
12-19-2012, 06:06 PM
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ideogenetic Offline
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Is the growth of government directly proportional to the failures of free-market capitalism?
Social Security- offsets low wages and the paradox of thrift
Medicaid/Medicare- created to remedy the failed private health insurance market
Antitrust Division of the DOJ- resists the monopolistic tendencies of capital
FDA- created to watch for snake-oil salesmen.
FDIC- Insures bank deposits from the dangers of runs in a fractional reserve banking system
Troubled Asset Relief Program (TARP)- created to remedy failed Wall Street financial engineering
Unemployment Insurance- well, you get the picture...
Etc, etc, etc.
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Messages In This Thread
Is the growth of government directly proportional to the failures of free-market capitalism? - ideogenetic - 12-19-2012 06:06 PM
[] - jakeb - 12-19-2012, 06:14 PM
[] - doofuss - 12-19-2012, 06:14 PM
[] - Elephantman - 12-19-2012, 06:14 PM

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