What happens over time when you have a sector that operates as a truly free market

The free market (a true free market) brings choice, downward prices, variety (richness of choice) and wealth creation.

We have nothing even remotely resembling a free market.

The market, although not purely free, was much, much freer in our country before the Civil War. The Civil War was the beginning of the end. The end being 1913, with the creation of the Central Bank.

The crisis in 2007/2008 brought howls of protest from socialist leaning people: "It's Capitalism!" "It's bankers!" and so on.

But the problem is not capitalism, a loaded word, too vague to have real meaning unless defined and agreed upon by both parties doing the discussing, or the arguing, whichever the case may be.

Rather, the problem is Crony Capitalism, or "Corporatism", which is what the US has turned into. Corporatism is not a free market.

Corporatism is the unity of Big Government with Big Business (including banks). These two work hand in hand, with revolving door people who go out of one sector and into the other indifferently. There remains few sectors with a true mini Free Market. Computers are one. Look at the price of computers: they have fallen. And what we get for that money has gone through the ceiling. This is value. This is what a market -- uncontrolled by Central Planners -- delivers to people, when that market is free.

Free of "too big to fail", free of bailouts. If a company makes an error and needs to go bust, it should go bust. Imagine a computer company that claims all US citizens should give it money (through taxation) to keep it afloat. The very idea is ridiculous sounding. But why is this same reaction not forthcoming with every sort of endeavour and company? Who draws the line? No one can, and no one will. Which is why this Statisma and Corporatism doesn't work. It will always be ratchted up at the expense of all of us, to the benefit of the Players in those very companies, who pay off the people in government. Only a free market, without exceptions, is moral.

Free markets are what fuel innovation and keep value in place, as failure is not propped up by people who have no say. It is like being forced to buy a product. Which, interestingly, is precisely what it has now come to.

Health care? No free market. Even before ObamanationCare, the US has had the abominable quasi-Statist System. With the HMO's and Bushes Prescription Socialist Bonanza.

Free the market on health care totally, and there will be plummeting prices, exploding choices, insurance policies across state lines (national choice) which will bring amazingly creative and rich solutions, the freeing up of charity and Christian and all religious charitable institutions to offer free care if they wish, without being the target of the Feds who are bent on putting them out of business.

The accompanying TV advert from Sears says so much. If there had been a State Agency for TV Equality implemented in 1964, claiming that for the safety of the people and to ensure that everyone has a television, since it is a right for everyone to have a television, what would have happened? Instead of televsions costing a fraction of what they used to, with a picture hundreds of times better, we would now have clunky Communist-like doozies. How hard, exactly, is it, to see that socialism, in all its guises, in any form, does not work? And yet people still trumpet it. Worse than the Left, perhaps, are those on the Right, who trumpet everything their Dear Leader of the moment espouses, no matter how anti-Free Market it could possibly be. This is very, very sad.

Why do people turn off their brain when it comes to applying the clear examples we have before for us in everyday life, that the free market brings peace and prosperity, and that the very instant the State touches anything, or claims a "right" over it, in "our name" mind you, that costs baloon, choice constricts, and quality hits rock bottom in the end?

Give up hypocrisy for the New Year. If you belief in Free Markets, then don't make exceptions, because they are "your babies".

From EPJ (Economic Policy Journal):
http://www.economicpolicyjournal.com/2014/12/the-magic-and-miracle-of-marketplace.html