America tried an almost completely unregulated free market. It gave us the "robber barons" who monopolized incredible wealth for themselves, and used it to either buy-up or destroy all competitors by cutting them off from their markets. Industrialists who would hire private armies to MURDER union organizers rather than risk increasing labor costs. A state of affairs which eventually caused a little thing called the "great depression" which nearly caused a peasant revolt that would have destroyed this country.
"Trust me. I know what I'm doing." -- Sledge Hammer