Noob question about free market and bailouts

[zackvs]

I don't know anything about markets and i'm not from the US, but this question popped up in my head and i didn't wanna get an answer from yahoo answers, so, i thought free markets were all about no gov. intervention, how come do big business' get bail ? putting in other words, free market is just a ploted scheme to keep the rich rich?

[rurallib]

1. I will let the pros answer you but would like to say one thing

as far as I know there has never been a real free market.
Those who push the concept really mean "laws that greatly favor our side in the various aspects of business, like low taxes, cheap labor little regulation, no penalties for fraud."

[el_bryanto]

2. That is pretty much right

There are some libertarian theorists who actually do want no government regulation or subsidization of business, but most conservatives are simpler. They want what is good for business - i.e. no labor laws, no regulations (safety or environmental), no governmental oversight, but big government money to businesses whenever possible.

Bryant

[cbdo2007]

5. Good answer....

[PoliticAverse]

3. We have switched from 'free market' to 'privatize the profits socialize the losses'. n/t

[Badfish]

4. The GOP push for free markets...

till the economy crashes , then they come lookin for socialism to save their asses.

Hypocrisy is thy name

[Revolution7]

6. Flawed concept

Free markets may look good on paper (to some, at least) but they always degrade into either corporatism or some other rich-get-richer-poor-get-poorer system. There can't really be a true free-market because the concept would never work. Ironically enough, right-wingers always want to point out how flawed Karl Marx's doctrine is, when capitalism is actually the flawed system. They don't care how messed up capitalism is, though, because their bank accounts benefit greatly from abusing these flaws. Just my $0.02