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Day: July 7, 2021

How Free Markets Work: Socialism for the Rich and Capitalism for the Poor

"The free market is 'socialism' for the rich: the public pays the costs and the rich get the benefit - markets for the poor and plenty of state protection for the rich. Concentration of wealth leads naturally to concentration of power, which in turn translates to legislation favoring the interests of the rich and powerful and thereby increasing even further concentration of power and wealth."...
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