The limits of the free market

November 12, 1990|By The Rapid City (S.D.) Journal

CAPITALISM is a great tool for human progress, but Germany is proving the free market is too free.

German companies have been prime contributors to Iraq's military complex, including its abilities to manufacture chemical weapons and its progress toward building nuclear weapons.

But we can't be smug or self-righteous about this. The U.S. supported Iraq in its long war against Iran, overlooked its use of chemical weapons and urged other Arab nations to help finance Iraq. And our nation has supported terrorism that suits our national purposes and profited by weapons sales that aid our balance-of-trade deficit problem.

The lesson here is the free market has limits. Governments need to place sensible restrictions on death merchants.

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