Gosselin speaks for socialism

LAT staff writer Peter Gosselin, a left-wing economics reporter, argues today that the era of Americans' belief in free markets may be ending. He argues that because of recent events like the collapse of Bear Stearns and IndyMac, the bear market in equities and the collapse in market value of Fannie Mae and Freddie Mac common stock, Americans want more governmental regulation and intervention. As a left-winger, Gosselin would see it that way. His reporting over the years has demonstrated his antipathy to free market principles.