The deregulated "free" market is unsustainable

Free Market - Business governed by the laws of supply and demand, not restrained by government interference, regulation or subsidy. Externality - Activities and conditions whose benefits (called external economies) and costs (called external dis-economies) are not reflected in the market price of goods and services. The primary feature of an externality is that one entity's action directly or indirectly changes the options available to other entities. Regulation - Principle or rule (with or without the coercive power of law) employed in controlling, directing, or managing an activity, organization, or system. The free market has been a beloved ideal economic system for the majority of modern nations around the globe. (Particularly in U.S.) A system that is based on supply and demand, profit motivation and individual empowerment. Through the exploration of this economic system; Many great accomplishments have been achieved through what we are lead to believe is simply just the magic of the market place. In other words.. The free market is accepted in modern society as generally self-sufficient. In the United States, whomever considers themselves to be on the right end of the spectrum usually will say that the only problems that face our economic system is the government's regulations. Regardless of what purpose the regulatory agencies had been established for; If the regulations in question were to interfere with "business as usual", it would be considered blasphemy.. THIS is a problem. When having a society that revolves around profit motivation and self empowerment, one can't help but wonder what keeps the peace? How can we make everyone accountable? How can we protect the "American Dream" and equal opportunity if we believe that big business is to big to fail? (Keep in mind the federal reserve is about as federal as federal express) How could we possibly create a system that is 100% work-based compensated? How can we fight poverty if there is no incentive? How are we supposed to end war, when those whom exploit it make millions from it? Questions like these and many others are left unanswered, and above all else are frowned upon. However intellectuals through history have shed light on this very subject time and time again. Ether it would be the myth of the free market's false divinity of work based compensation. "The payment of the worker is not determined by the value of his product" - Albert Einstein. Or the alarming growth of intertwining of the private sector over the government. "I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs."-Thomas Jefferson ****Those who advocate a completely deregulated free market with the expansion of tax cuts do a major disservice to their public.. Not only are they encouraging the major decrease in federal revenue (Single handedly under funding various national programs.) but they advocate to make the private sector more and more unaccountable..**** The premise of the very claim of "The free market is unsustainable" can be summed up in very simple philosophical way. If you have a society based on profit motivation and innovation created from dire struggles to compete.. Or in other words a society inspired by a materialistic rhetoric that paints the image of only to look out for number one. Eventually the people involved in this society will have created a permanent upper class that will inevitably and exponentially create an unbeatable force that by no means can be competed with. Creating what we would refer to as monopolies. When a corporation has the power to basically control the means of more than half, or g-d forbid 3/4's of certain market or industry.. Something is very wrong. Not only are these private externalizing machines dominating the markets by out rages numbers, they are protected by the very society that they harm. I.E. Tea baggers, neo-cons and faux liberals who push for deregulation. But enough talk, let me list some examples of dominated markets in America that are currently harming society and what some people would say, destroying the "American dream." 1. The beer industry. Dominated by : Anheuser-busch and the newly merged corporation, Millercoors. Percentage of the market: Anheuser-busch (50%) Miller and Coors combined (29%) Source: Beer institute 2008 US market share for brewers. 2. The energy drink industry. Dominated by : Monster and Redbull. Percentage of the market: Monster (28%) Red bull (38%) Source: http://www.istockanalyst.com... 3. fallowing my two very random examples.. Lets talk about the most obvious examples of dominance that destroys the American dream.. I'm talking of course, about Walmart. *Walmart Stats* *The Walton family donates approximately 2% of the net worth to charity..(86.6 billion) * The average salary of a Walmart employee is about 20,000.. The salary of CEO Mike Duke is projected at 19,200,000.. (924X the average salary of a walmart employee) * Walmart has the largest case action EVER in history of sex discrimination. (1.6 million lawsuits) *Hypocritically Walmart ran a "Buy American" campaign suggesting that to shop at their store would mean your buying American made products; When in reality, nothing could be further than the truth. (80% of Walmart suppliers are in China. 10% OF THE ENTIRE COUNTRY OF CHINAS EXPORTS go to Walmart..) *In 2000, Walmart was sued 4,851 times or once every 2 hours. *90% of Americans live within 15 miles of a Walmart. Source: http://www.businesspundit.com... ---------------------Closing statement----------------------- I realize how for my first couple of examples are little all over the place and unless you see eye to eye with me on my ideology, you wont exactly understand my argument. Basically to put in simple terms my argument is this. A system motivated and revolving around profit, and characterized to have ideally the least amount of responsibility as possible can not be sustainable for humanity. The free market is an system of favoritism (Not like NAFTA is exclusionary...........<.<), immoral actions, exploitation and creates an extremely unhealthy and almost a psychologically abused society. Yes in fact I am making some rather harsh and practically unheard claims.. But those of you advocate a deregulated and highly "free market".. Are most likely not going to care nor bother give two sh*ts what I have to say. I could say the that general body of a corporation has loaded history of stripping rights from people and undermining legislation left and right. But human rights don't me jack to them if it means in the end they have less money. I could say that corporations were given the identity as a single entity or a legal "person" to combat union workers and to ignore any sense of moral code for the grounds of limited liability. But then again, whomever I will be debating against most likely is anti-union, and anti any form of worker representation or any sense of labor laws.. So I guess I'll leave it to my opponent too be to decide and elaborate why he believes the free market is sustainable for workers, the environment, the American Dream and simply humanity..