Free market capitalism EXISTS because of the work and efforts of labor. In order for it to survive and thrive, it must pay employees wages and benefits that are an incentive for the employee to WANT to work more, harder or with greater efficiency with the goal being a higher standard of living.
The fallacy of so called free market capitalists is that they can ratchet down wages and benefits, denigrate working conditions and the like to increase market share and profit. While the idea works initially, in the long run it creates a demoralized workforce that works inefficiently and cares less about the quality of the product. The loss of quality of life also means less disposable income to contribute to the economic revenue stream.
The captalist, then sensing failure, seeks to improve the balance sheet by further cutting wages and benefits...and then is forced to shrink his economic model and business to survive...the " shrink to profitability" model.
Which has never worked. Pure free market capitalism is not a bad concept on paper. But add in human greed from management, and disciples who parrot the basic theory learned in college without the real world experience and you have the mess we have today.
These are the same theorists whom, upon finding their job downsized, or paychecks reduced, scream like stuck pigs about the injustices heaped upon them. The true believers stand up in advance and willingly give up their pay and benefits...of their own accord.
Any takers???