I also think that mass media is quite apocalyptic. Not sure if they do it to keep our minds busy or just because sensationalism is their business model.
(...) in a free market employers and workers voluntarily work together for their mutual profit. It is only when government intervenes in the economy that crony capitalists have the opportunity to exploit workers, consumers and taxpayers.
A free market elevates money over individual identity. Those who have the most money are the most capable of making more money, so power slowly centralizes towards the richest families, who can create cartels to force workers agree their conditions. Economy scale also enforces centralization.
Can you really negotiate the price of medicines for example? Will anyone choose to die because the price of the pills he needs is too expensive?
Market regulations are necessary for guarantee individual rights. Of course it is difficult to determine what is the optimum range of regulation.