MARKET WORKS WELL
People like to think that markets can work better than governments.Time seemed to prove this was true.
Deregulation in the 80's gave us a boom time.
In the 90's things got better.
When the Soviet Union collapsed in 1991, that seemed to prove the state couldn't rule and examples of capitalism reigned.
Soon the phenomenon was global.
Free market passion produced a poisonous zeal for deregulation.
Foreign-exchange powers were lifted all over the world.
The flow of private capital started to circle the globe.
This was fed by huge pension, mutual, and hedge funds.
People were free to roam via computer networks and worldwide telecommunication.
We deepened our need for surplus capital from abroad.
The globalization of financing let Americans live beyond their means while other countries paid for the rampant consumerism.
http://www.truth-it.net/examples_of_capitalism.html
