Is Free Market Still Safe?

Discussion in 'Economics' started by TraderTactics, Jan 29, 2010.

  1. There was a time where I thought free market principles (including commitment to the EU's internal market) was weakening substantially. People wanted British jobs for British Workers, Obama was toying with the idea of "buy American" clauses, faith in financial markets and institutions was at an all time low, politicians were hit by the expenses scandal and sorely needed something to restore their popularity, unemployment was on the rise and politicians must have been tempted to seek quick fixes to the problem. I've read a prediction somewhere that there will be a collapse of the EU because, if the single market should stop producing wealth, then the EU's raison d'etre is effectively taken away.

    Did anybody else have the same fears? If so, has the time for change passed? How solid is commitment to free trade - amongst people and politicians?