The free market works?

Failures in the free market were not responsible for the great depression in the US. It was due to an influx of people taking out loans to immediately put that money into the stock market that caused the crash. The free market would've corrected itself. Agree/disagree/discuss.

Free market is overrated. The idea that a bunch of companies competing to win over customers is nice in theory, but in practice, large conglomerations emerge and proceed to stamp out competition, and sometimes you end up with a monopoly that can screw over the customers because they have already eliminated all competition (Eg. Oil Companies). I don't think monopolies are inherently bad, they can get things done more efficiently, but the fact is that greed gets in the way of that. Anti-trust laws were established because there was a need for them.

And I love how many idiots are taking any criticism of the Holy Invisible Hand of the Free Market as endorsement for Communism.