Propaganda

It’s propaganda! And there’s nothing wrong with circulating information to promote a good cause. But is the propaganda factual and the cause good?

This is a response to a false propaganda piece that I saw on facebook some months ago. It concerns a cartoon by Milt Priggee that seems to lay blame for the US foreclosure crisis upon “free market capitalism”.

But is the property market an example of free market capitalism?

Sources:
Definition of ‘Free Market’
Investopedia http://www.investopedia.com/terms/f/freemarket.asp

Definition of ‘Capitalism’
Investopedia http://www.investopedia.com/terms/c/capitalism.asp

Definition of ‘Barriers To Entry’
Investopedia http://www.investopedia.com/terms/b/barrierstoentry.asp

Cartoon by Milt Priggee, Puget Sound Business Journal

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