everyone is saying after these past couple of weeks that the stock market crash is proof that the Free Market and Laize Faire system is a failure. But in truth its not, what has been failing is our government's continual need to interfere and try to regulate our Free Market system. Poverty has been universally decreasing in countries that have a free market system without government intervention. Botswana, the freest economy in Africa, is the most prosperous country in Africa. People in Chile have a standard of living that rivals even the richest countries. There are many other examples that prove that the Free Market works...
But let me put it another way... something thats easier to understand. John wants a specific item; Bob creates that item. Without the free market, John would walk over to Bob, shoot him in the face, and then take the item by force. A very violent approach, and everyone loses in the end because John no longer has a source to get said item. With the free market, John would walk over to Bob, offer him some money for the item, and from then they can barter on price. Then in the future, John would have the oppurtunity to buy future items from Bob. Now lets say Jane shows up, she is Bob's boss (ie: government). Jane tells Bob, "you can't sell that item to John, I dont like him". The so called "free" market isn't free at that point and Bob gets shot in the face... Notice that Bob gets shot in the face, not Jane.
Free Market = World Peace