The free market system, competitive capitalism, and private enterprise create the greatest opportunity and the highest standard of living for all. Free markets produce more economic growth, more jobs and higher standards of living than those systems burdened by excessive government regulation.
Reality
These ideals are myths. The free market system does not exist in the real world. The American economy is a "mixed economy" that balances laws and regulation with competition based on the availability of capital from investors. Private enterprise has only profit as a goal and not the highest standard of living for all. The inequity of incomes and wealthy, that is the focus of many protesters, activists and citizens, are the consequences of weak regulation and the private financial enterprises making a profit to benefit the top 1% while 99% of Americans struggle.
Free markets do not create jobs. They destroy jobs by maintaining a focus on increasing profit by increasing productivity (fewer man-hours per output) and reducing costs (lower wages and fewer benefits). In a free market, companies go bankrupt and workers loose jobs. In a free market, the standard of living does not go up for everyone.
Conservatives are still fighting the war against socialism and communism. Any environmental law or regulation, healthcare for everyone or public education equity are attacked as socialism or communism. The real world is a different place than what conservatives imagine in their quest for an ideal that will never exist.
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