I don’t know why any free market advocate would want to pretend that everything is honkey dorey given the state of the economy and our sickening role in it. Futher, the low wage earners have elected a Marxist with a rubber stamping Congress to bring “change.”
Do they not think there are blue and white collar workers here who can not compete with labor costs in third world countries? Do they think we are going to be able to continue to create fake wealth of debt to be the purchasers in this global economic scheme?
Americans are not known for playing the role of peasants to the interests of a disloyal globalist elite who don’t give a hoot about them other than to call them stupid, lazy, fat and yadayada. Americans will use Marxists to cut them off at the knees if they don’t wake up and engage reality.
I don't know any free trade proponents who espouse such a position. On the contrary, I'm sure they would be the first to remind you that the current economic fiasco is a direct result of Government interference in the economy.
And with the apparent bailout of Chrysler and GM, that will only get worse, further compounding the damage already done by the Government in the name of "protecting our industries".
In a free market, bad companies die, regardless of their size. They are inevitably replaced by new, more efficient, better responding companies. It's a business cycle that works when it's allowed to work.
Government keeping companies that should die from dying, or artificially stimulating markets (such as the sub-prime mess) skews the operation of the market, and causes things to build to much higher levels before they explode.
I'd say free market proponents would be the first to say we're in a deep hole. And they'd also be the first to point out the hole went from a pot hole to a sink hole because Government tried to "fix the problem" itself.
As Reagan said,