123. The lie of free markets

I have commented on the inadequacies of free markets in post XXX. It is striking to the observer that countries and even regions most aligned with these philosophies are performing much worse than all others in protecting their citizens from a health crisis like coronavirus. Free market fundamentalists are loath to imposing the wearing of facemasks, or lockdown, on their population. For them, the illusion of an individual’s freedom is more important than safety or the rights of others. The consequences are not only obvious in catastrophic pandemic statistics in Brazil, US or UK, but also for example in the Madrid region in Spain, governed by a particularly fundamentalist cabal of PP politicians. Free marketeers undertake a systematic long term reduction of Health and other Public Safety resources. Its effects on local populations (longer queues, dropping standard of treatment) are blamed on invented pressure from immigration. Alas, this may fool voters, but it does not fool viruses

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