Forum Overview :: Operation: Hammer Time :: Re: Time to play "I told you so!"

[quote name="GRENDEL"][quote name="Mischief Liberatzi"]Apparently even Bechtel's complaining about <A HREF="http://www.chron.com/cs/CDA/ssistory.mpl/business/2044946">Haliburton's chokehold in Iraq</A>. So much for the efficiency of free-market capitalism. Let the rationalizations commence![/quote]THE "free" IN "free-market capitalism" REFERS TO FREEDOM FROM GOVERNMENT INFLUENCE. THE GOVERNMENT PARTICIPATES IN THE MARKET ONLY PARTLY; IT CAN ACT IN THE MARKET, BUT DOESN'T ANSWER TO IT. ITS DECISIONS ARE MARKET-DISTORTING WITHOUT A PROFIT MOTIVE TO INFORM THEM. BY DEFINITION, HALLIBURTON'S SUCCESS HAS COME AT THE COST OF "free-market capitalism", NOT BECAUSE OF IT.[/quote]