Saving Capitalism and Free Markets

The below is an excerpt from a Hip Hop Republican article. The free market has not died in this current economic collapse.

The economy is in rapid decline, the government has spent record amounts in an attempt to “fix” the economy, and the country is seeing a rise in unemployment levels. To some, there seems to be no end in sight. According to Ben Bernanke, “2009 will see a rise in unemployment…greater than our last predictions.”

With the new administration, this government seems to be taking on a Keynesian stance, and really injecting massive amounts of money into several sectors. Talk by the Federal Reserve of nationalizing large banks have been very real, and government bailouts to large corporations are giving government power over the markets.

In this capitalist, and free market based economy, the notion of more government involvement must stop. The free market system has been able to fix its wrongs before, and it will do it again, if left alone. In addition, the free market system creates an invisible, and indirect method of benefits to all, and is based on the ability of the people to do as they choose in a market. Government exists to establish rules and regulations, and with more government intervention in the market, it is only a matter of time before we see conventional freedoms diminishing.