The conservitarians have a fantasy of riches for all through less government and what they call "free markets". They seem to think that prosperity will settle on all of us like a gentle morning dew if only 'the government' will just give us those magic tax-cuts.
But the historical truth about unregulated capitalism is that it produces a few very wealthy captains-of-industry, a tiny middle class and the vast majority of the population working long hours for subsistence wages without any sort of security.
De-regulation has become a global phenomena and now it's destructive effects are beginning to show up worldwide.
But the historical truth about unregulated capitalism is that it produces a few very wealthy captains-of-industry, a tiny middle class and the vast majority of the population working long hours for subsistence wages without any sort of security.
De-regulation has become a global phenomena and now it's destructive effects are beginning to show up worldwide.
SPIEGEL ONLINE
THE ATTACK ON PROSPERITY
How Speculators Are Causing the Cost of Living to Skyrocket
After investing in high-tech stocks and real estate loans for years, legions of speculators have now discovered commodities like oil and gas, wheat and rice. Their billions are pushing prices up to astronomical levels -- with serious consequences for ordinary people's quality of life and the global economy.
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Part 1: How Speculators Are Causing the Cost of Living to Skyrocket
Part 2: Commodities: The Biggest Growth Industry of the 21st Century
Part 3: America's Capital Markets Are Run by 29-Year-Olds
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