Explain the free market philosophy

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Are we really operating in a free market structure with respect to the financial crisis of 2008, given the privileges the governments bestowed on the banking system, especially after the Crash (bailing out policies, etc.)? Hint: state your opinion considering, first, the structure of the financial system in the U.S., which is the base for the global financial systems, and second, the free market philosophy (laissez faire). of course, to the best of your knowledge.

Reference no: EM133273866

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