Reply #20: People pushing "free market" economics revoked Glass Steagall.

[Overseas]

And look where that got us-- the Bush Depression. And the looming derivatives crash or propping up.

People who believed in free market economics and didn't want us to enforce antitrust regulations gave us all those companies Too Big To Fail that we have bailed out.

People promoting "free market economics" privatized more and more of our military services, and ushered in lots of war profiteering and reckless illegal conduct by private contractors. Privatization of so many of our military services has made our country far less secure than it once was-- we have paid much more for poorer quality and reckless practices that created more enemies for our country.

People pushing "free market economics" defeated our last attempt at national health insurance in the 90's, telling us the wisdom of the free market could do better. And look where that got us-- soaring private profits, millions more uninsured, millions more bankrupt.

People pushing "free market economics" got us NAFTA. That got them what they wanted, a depressing effect on US wages and union strength. "Free market economics" is promoted with the idea that "a rising tide lifts all boats" and yet it has led to a steady decline in real wages for US workers while "productivity" and private profits soared. But hey, if we average things out, we all got really rich-- Bill Gates and I have an average income in the billions.