Financial Melt Down

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Yesterday for the first time I read in a mainstream publication an article that described what it happening to the Amercian financial system as meltdown. What a shock.
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But I think it may well be true.
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The conventional wisdom in America has been completely uncontrolled market-ruled capitalism, with the government providing less and less support to the needy and less and less regultation of the robber barons and thieves.
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Just like the USSR and Marxsism were based on fallacious assumptions, it now appears that the American system has also been based upon unproven and incorrect assumptions. Market forces do not tend towards equilibrium, they tend towards boom and bust. Deregulation is actually abdication of responsibility by the government.
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The American dream may well be coming to an end. What a pity.
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