A genuine true free market place economy never fails, that is because it works in line with nature.
What many of us don’t seem to know is every economy must have a boom and bust cycle to get rid of negative over-powering anti-survival threats.
And if government would just stay with collecting taxes and act as a neutral referee a free market place economy would police and manage itself far better than what’s happening now.
Today our super provider welfare state government is dumping billions upon billions into our private economy claiming to help the poor and needy.
I don’t know what kind of economy we have today, but it is not even close to a true free market place economy, period.
In my view only two things that can save the USA and Western civilization, get rid of all minimum wage laws entirely and stop giving out billions upon billions of government dollars on an individual basis to be dumped into our private national economies.
Also, a minimum wage law binds the purging power of a free market place economy and won’t let it protect itself or the nations culture, morals, and values.