Dean Baker On The Price We’re Still Paying For The Housing Bubble
Conservatives tout the free market as the backbone of our economic system but hide the fact that they’re stacking the deck to serve their interests. The option of leaving the market alone doesn’t exist. Show me someone who’s made lots of money, and I’ll show you how we wrote the rules so that he or she made money. Bill Gates is a rich man because the government granted him a monopoly on his Windows software programs. If I sell you Windows without Bill Gates’s permission, he’ll sue me. That’s not the free market; that’s the way we wrote the rules. The government doesn’t have to give Gates copyright protection for Windows; there are other, better ways to finance software development.