Titlebook: America‘s Free Market Myths; Debunking Market Fun Joseph Shaanan Book 2017 The Editor(s) (if applicable) and The Author(s) 2017 free market

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Myth 9: Corporations Represent Economic Freedomhe way a company runs its business endangers individual freedom and the free market. Government should stop protecting Americans from their most productive organizations. Competition ensures that firms operate in consumers’ interest and treat their employees well..Reality: Large corporations’ almost

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Myth 10: Free Market and Laissez Faire Are the Sameous types of economic behavior, including those intended to protect competition, go against free market principles. Government is easily corrupted and works on behalf of powerful interest groups therefore is not the most suitable institution to safeguard competition..Reality: Competitive free market

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Myth 11: A Free Market Nation Does Not Need a Society of their individual freedom and not to improve the lives of the poor and middle class. The purpose is to promote liberal “do-good” projects that always fail miserably. The market should be allowed to prevail in more areas..Reality: Even markets depend on government’s protection and on social conven

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Myth 13: The Bailouts’ Purpose Was to Save the Free Market Economyuts were a justifiable response to market failure and systemic risk. They were successful because the economy did not collapse and the financial sector remained viable without the dreaded government takeover. Bailouts were necessary to save the free market economy..Reality: One important objective o

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Book 2017low upward to corporations and a small group of wealthy and politically influential people. The myths help entrench existing economic and political power while distancing America from a more productive and widely beneficial form of capitalism. 

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yth perpetuationThis book describes and refutes thirteen ideas involving free market principles and the US economic system, arguing that these (mostly familiar) ideas are myths. The myths are deeply ingrained in the United States‘ self-image and in political discourse, and are hailed as indisputable

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https://doi.org/10.1007/978-3-658-15452-3, such as imperfect information are widespread and cast strong doubts about the free market description. Additionally, powerful corporations characterized by numerous in-house operations are hardly the epitome of a free market.

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https://doi.org/10.1007/978-3-642-76582-7 ideology led Americans to ignore government’s accomplishments and to see it as an intrusive force with onerous social programs. America’s social safety net was shrunk; competition was no longer protected while taxes were reduced for the well to do. The results were dismal.

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Die Evolution der menschlichen Geburt activities. Economic deregulation did not lead to an economic boom; it worked in some industries but in others a competitive outcome did not materialize. Financial deregulation turned out to be a disaster.