The Chicago School has inverted what the classical economists meant by free market, when adam smith and john stuart mill and the 19th century (in the Progressive Era) spoke about free markets they wanted to free markets from the rentiers. They wanted to get the markets free of landlords, free of the bankers and free of the monopolies. The idea of the free market to classical economics was to bring prices in line with the actual technologically necessary costs of production so that it wouldn't include land rent. Land rent would be the be the tax(ed) space, it wouldn't include interest charges, it wouldn't include predatory banking charges and monopolies were either to be regulated to keep their prices in line with the actual costs like America regulates the bills that electric utilities can charge or the most monopolies I would be as in Europe kept in the public domain and operated as public utilities and if there was something basic like education or road so these would be provided freely in order to minimize the economy's cost of production and make it more competitive this was the whole philosophy of the Industrial Revolution and it was the free market idea that the classical economist had but the Bronte's fought back around world war one they began to invert it and their idea of a free market with free for predators 34 monopolists free for our landlords to go to whatever whence they could get and to free themselves from taxation so that the government had to tax labor and tax industry and there is notice that the American economy today under the so-called free market has such a high cost of living and a high cost of production that a laborer can't compete internationally that's why America's balance of trade has moved so far into deficit if an American worker has to pay forty percent of his income on housing if he has to pay fifteen percent for health care and Social Security fic a wage withholding if he has to pay another fifteen percent in excise taxes sales taxes and income taxes and other texts and if he has to pay other debts for a credit card debt education debt then obviously be even before he spends about one third of a salary on goods and services his monthly nut is so high that he's priced out of the market and that's

why American can't compete in exports except for agriculture which is heavily subsidized by the government and of course the military industrial complex X of exports that are done diplomatically through international ago she ation so free market is what is killing the American economy and it's not free at all it's free for predators not free for labor not free for industry not the kind of free marks that Adam Smith talked
about