The free market takes a global hit - MarketWatch

The free market takes a global hit - MarketWatch: "Across the United States, Europe and much of the rest of the developed world, a wave of government interventionism is sweeping country after country. Governments are fast taking control of private companies and entire industries. The state's heavy hand in the economy is signaling a strategic rejection of free-market doctrine.

In its place has come state capitalism, a system in which the state functions as the leading economic actor and uses markets primarily for political gain. In the years to come this may well present a significant challenge to managers and shareowners of companies and other private institutions."