Is Free-Market Capitalism Impossible?

Tyler Durden's picture

In a genuinely free market, rich corporations people have both the resources and incentive to corrupt the government in order to make the market less free. In other words, Capitalism only works in a world in which people have integrity and are accountable to others and themselves - which is the weakest link. And so you end up with? America. In short: "there ain't no such thing as a free market" - which is not to say that we shouldn't try. The following clip points out that even seemingly pro-business legislation is not beneficial to society or businesses themselves broadly with the analogy that "what's good for GM may not be good for America after all"; which begs the question: do humans doom capitalism by default?