T here is no free market. The markets are completely captured—dominated by cartels of one sort or another. Don’t say the market is free; say that it is rigged, enslaved, held hostage. Today’s markets are not much more than traps for suckers. How many billions have been stolen from pensions using market manipulation? The free market myth is just another way for insider traders, cartels, oligopolies, influence networks, and super-rich cronies to extract money from the gullible. Corrupt politicians elected through democracy prop up many of these cartels. Other cartels formed naturally due to a lack of anti-trust enforcement—government failure.
Economists use the term “market distortion” to describe a situation where the market is not free because it has been rigged, broken, captured, or violated. Right now our markets could scarcely be more “distorted”. Anyone who says we should “protect the free market” must be referring to a fantasy world because there is definitely no free market in this world. Is it a free market when the corrupt government grants astronomical subsidies to certain agriculture corporations? Is it a free market when a handful of phone companies buy the entire infrastructure and collude to raise prices?
Free markets are important economic tools, but they only work when a competent government takes control and is able to prevent cartels, monopolies, oligopolies, collusion, capital concentration, and insider trading. Democracy will never deal with these issues. Kill the market manipulators—join the Meritocracy Party! Meritocracy will expose and eliminate the market-destroying cartels.
