free market system

A free market system is an economic system also known as capitalism.

Capitalism was still alive and well in America in the years leading to 2012. Such an economic free market system was based on the private ownership of the means of production and distribution of goods. Such a capitalist system allowed free competition motivated by profit. Some radical thinker's such as the late Marx had predicted that the economic free market system would someday implode as it failed but Mister R. Money never let such predictions stray him from being an ace player in the arena of capitalism. Mr Money was earning a whopping 50 thousand dollars a day in 2011. R. Money's money was working 7 days a week and his tax assessment showed that he'd earned 20 million dollars in that year alone. Big money pays taxes also in America. So how much tax did this free market capitalist pay? Try 13 percent!!!!

Was this a lucky year for Mr Money? Not likely for in 2010 the free market system had blessed him with about 20 million dollars in profit also.

What's the point, you ask.

With that kind of money and that type of competitive spirit a person could run for the leadership in any group.

In fact a man by the name Romney had mastered the free market system and was running a race to win the Republican nomination in the US. If successful in this high stake game of politics Romney, the free market system ace, would put a Republican bid in for the Presidency.

However it is predicted that the Democrats were likely to spend about a billion dollars to get their man to retain the title of Prime resident, aka. Mr. President.

The free market system is a competition and like in any arena where the stakes are high there is bound to be plenty of work for policy makers, judges, lawyers.....as there is bound to be plenty of corruption. ...

The free market system is the alternate to highly regulated markets and in extremes to total socialism.


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