This is the question asked by John Stossel today at Reason Online after watching Michael Moore’s new movie, Capitalism: A Love Story. My favorite part:

For two hours, Moore rails against reckless banks and government bailouts, but never once mentions the government-business partnership that created the conditions for the turmoil. The fact that America no longer has a genuinely free market is the unnoticed 10,000-pound elephant in Moore’s room.
Watching Capitalism, you’d never know that the federal government colluded for decades with the financial, real estate, and construction industries to divert resources into housing in the name of promoting home ownership—even for people who couldn’t afford it. You’d never know that Fannie Mae and Freddie Mac were, and are, privileged government-sponsored enterprises that encouraged shaky loans.

Read the whole thing here.