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When did we have free market Capitalism?

I keep hearing people say that free market capitalism has failed.

I define free market capitalism as capitalism without undo burden from government regulators.

Therefore Minimum wage works against free market.

Farm subsidies are against free market.

Government bailout of the Savings and loan

Government Bailout of Chrysler

Government intervention in Microsoft

Break up of AT&T

10 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    It's been quite a while, thankfully... we'd resemble our South American neighbors a lot more if we didn't have the regulations we have in place.. in the 19th century there was child labor, 15-20 hour workdays, incredibly horrible pay, no benefits, etc.... it was a great time to be alive, if you liked nearly starving for a while until you died of a curable disease. That's what the "free market" decides (since the heads of corporations are more concerned with profit margin than basic human decency)

  • Anonymous
    1 decade ago

    We had a free market up until the New Deal. And the current fiasco in the economy is the result of 50 years without enough regulation. Capitalist economies destroy and rebuild themselves every so often, while Socialist economies (once they start working correctly) are much more stable. And I'm not arguing in favor of either system, simply stating facts.

  • j2442j
    Lv 5
    1 decade ago

    When the population of the USA wasn't protected from victimization.

    Get rich quick schemes in the capitalist business world, (buyouts, IPOs, conglomerates, acquisitions, mergers, and the stock market), do not actually work. Remaining solvent does not actually exist within false economics capitalism.

    Profit existing in the capitalist business world, or millionaires existing within capitalism, is pathological deception committed by the 21 organizations spying on the population with plain clothes agents, (with covert fake names and fake backgrounds).

    Actual economics is the persons that are paying the business loans of companies voting at work in order to control the property they are paying for.

    Capitalism is the psychology of imaginary parents, false economics, and the criminal deception of employees that are paying the bills (including the stocks and bonds, or shares) of companies.

  • Boss H
    Lv 7
    1 decade ago

    The only time we really have fre market capitalism is wen the economy tanks, and everyone is trading every thing for what it is worth to them at the time of the trade. Such as when people were starving to death during the great depression and trading automobiles for loafs of bread and whatnot.

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  • Anonymous
    1 decade ago

    We've had 8 miserable years of "undo burden" from regulation.

    How's it working out, Sparky, or don't you follow the stock market?

  • Anonymous
    1 decade ago

    Before the private bank of the Federal Reserve took over in 1913 and started printing money out of thin air and artificially stimulating the economy..

  • 1 decade ago

    Robber Baron ages.

    Rockefeller, Carnegie, and the emergence of J.P. Morgan investment.

  • 1 decade ago

    We had it because that's what's causing the market to be flowing down the toilet...TOO MUCH GREED!

  • 1 decade ago

    It was a lot closer to free before the New Deal.

  • 1 decade ago

    pre-monopoly laws

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