To those who advocate the neo-classical "Free Market", Is your "free market" free from all government intervention? If not then what government intervention is acceptable? Sincerely, Vilhelmo.
Neoclassical economics essentially leads to the rejection of the 'free market'. There is a reason why, for example, most economists are liberal. The analysis provided details the assorted market failure and therefore the disagreeable nature of a libertine result
The free market would use competing currencies. Governance would be more local with strong city, township, and county governments. State and Federal governments would have less power over the day to day activities. There would be no legal tender laws. No licensing. No mandatory schooling. No police at the federal level. Fractional reserve banks would be unregulated and not bailed out if they go bankrupt. Road commissioners would use the competitive bid process to build roads and bridges. Railroads and transportation systems would be privately owned. The loser of a lawsuit would have to pay the court costs and the lawyers.
I think four American States have legislation implementing gold and silver as money according to the U.S. Constitution. Utah passed it into law already.
Fascinating. No American state has a free market. No American state can have a free market. Snake oil salesmen please go straight to gullible right wingers
I don't know what you mean by right wingers. I subscribe to the classical liberal philosophy of liberty. America had fairly free markets in the l9th and early 20th century. It is not impossible to get it back. The first thing we need to do is audit and then End The Fed. The legislation is in the Senate presently and was passed by the House just a year or so ago.
Simple reality of the snake oil salesmen. Its typically fed by corporate interests and those manipulated are often from conservative stock (as they look for an exotic label) Nonsense! America has never had free markets. Indeed, it developed through coercion (i.e. protectionism). And today? Those crowing about free markets are either sheep for corporate interests or genuinely are ignorant of the nature of capitalism (and the integral importance of government interventionism to reproduce capitalist profit)
Purely free markets did not exist in America, I agree. But the reason America became the most prosperous nation was because they were the leading the way in free markets and liberty around the world. [video=youtube;pnDjmNNC9So]https://www.youtube.com/watch?v=pnDjmNNC9So[/video] http://i.imgur.com/****tBk.jpg
Get it right: coercion created US capitalism and it continues to (as shown by the importance of the military sector) Bobbins! The reason is that they successfully invested in the managerial class, ensuring that firms (with long term success) were able to fully exploit economies of scale. Its ludicrous to refer to free markets, particularly as that success necessarily generated market power. I'm not interested in the pretty pictures. That isn't debate
You are not interested in the pictures because those pictures speak a thousand words which discredits you. America was the land of opportunity for oppressed people. They came here in droves because it was the land of opportunity with the most free markets in the world.
Nope, I just find the shallow comment just a little dull You've gone for cliché now. The US was never free market. It was based on coercion and has flowered through coercion.
Socialism is a society controlled by elite. Who is smart enough, and not themselves too greedy, to correctly redistribute wealth equitably?
Nope. Elitism has nothing to do with socialism. Indeed, if you followed Pareto's writings, you'd know it was associated with fascism. If you don't understand socialism then let's not blame you! Let's blame the silly "its classical liberalism" sites that have warped people's understanding in favour of corporate-interest fake libertarianism
If you don't understand how free markets provide liberty, prosperity, and peace, then don't blame the free markets ... blame the government indoctrination schooling system.
Poor on two levels. First, there is no such thing as free markets. Second, given you're just giving the propaganda from the corporate-funded fake libertarian sites, the whinge about government schooling makes no logical sense
Poor on three levels. Free markets provided for very prosperous societies in the past. [video=youtube;pnDjmNNC9So]http://www.youtube.com/watch?v=pnDjmNNC9So[/video]
Sorry buster, but the "I'll have some pretty pictures" method to avoid argument really won't wash. Free markets don't exist and capitalism won't even try and achieve such utopian nonsense.
It pleases me to understand how pictures tell the tale of 1000 words and that you socialists are bothered by the truth. The free market works and socialism sucks. That much is obvious from the pictures and the video. Thank you for confirming that socialists wish for classism.
If you want to go with shallow tosh then I'm sure you can find some right wing sheep to talk to You're terribly honest! Shame it was such a childish comment. The free market doesn't exist. Given that, your view of all political economy is going to be warped
Utopian socialism is a rather early form, often linked to religious concerns. It would be nonsensical to suggest modern forms are utopian, given their focus on market and government failures plus how they've adapted according to the analysis provided by the socialist calculation debate
