American capital is controlled by foreign governments that are strictly controlled private economies like China and the OPEC nations. Chinese and Saudi companies are not companies in the Berkshire Hathaway tradition; they are fronts for foreign governments to manipulate capital to its advantage in American markets that don’t have the regulations to protect our “free market.”
We have become an extension of controlled foreign market forces that continue to allow us to mythologize the present so Americans think (and are told by our wealthy pundits) that we are in control of our future because of the economic forces of supply and demand. Whatever is needed to extend this American mental fog is made into law by our politicians and fed to us by our Harvard-trained economic punditry. — Bob Lavigne, Spokane
Talk about macro-economics. With the globalization of business and capital flowing in huge amounts into and out of the country, can a “free market” country be moved by the invisible hand like Adam Smith (right) would have it?