One of the most laughable misconceptions people have about economics is that laissez-faire capitalism is somehow an example of economic freedom, while socialism is a form of economic tyranny. Certainly the type of socialism that Communism was came across as tyrannical and deserved to be abolished. But not socialism itself. Socialism coupled with a democratic government that has a written constitution that guarantees civil rights for all citizens actually promotes the most economic freedom, while laissez-faire capitalism is economic ANARCHY that eventually results in both chaos and tyranny, like political anarchy does. With no restraints by government, corporations will only get larger and more powerful by merging with smaller and weaker corporations and will so dominate the market that small businesses started by individual owners seldom have a chance to even get off the ground. That is NOT a free market! Such a concept doesn’t really exist, except in the deluded minds of many Conservatives and Libertarians. You either have a market in which government occationally intervenes to break up giant corporations (trust-busting) to allow small businesses to thrive and maintain their independence, or you have a market in which individual efforts at owning one’s own means of production and income are destroyed by the giant corporations themselves. The Founding Fathers of the United States understood that unrestrained government destroys individual liberty, so they made a system of checks and balances in the Constitution to restrain government. They should have done the same with the American economic system. If a democratic government can have its own method of checks and balances against corporations, and thus prevent corporations from ever merging and even buy out and sell off the properties of failing corporations to individuals who wish to start their own small businesses, then we will have more economic freedom. Corporations themselves are more like governments in their makeup and operations than like individuals. They should never be “free” to exploit resources and people as they please. Only INDIVIDUALS should be free for freedom to have any real meaning! We see imperialism, which was the norm 150 years ago, as evil today, because it involved governments conquering and ruling other peoples for the gain of the conquerers. Why should laissez-faire captalism be seen any differently? Can we not abolish that as well and promote real economic freedom instead?