When western and northern European countries have stock markets, private property laws, corporations, and spoiled brats and America has medicare, medicaid, and social security for the elderly and children, publicly owned schools and universities, GI Bills, student grants, subsidized loans, government regulation of industry, federally subsidized scientific research, unemployment insurance, overtime pay, 40 hour work weeks, environmental protection laws, food sanitation standards, work place safety, etc, etc, etc.
Conservatives like to pretend that it is either one or the other. The fact is most countries haved a mixed economy with both capitalist and socialist ideas. America happens to be plenty more on the socialist side then most third world countries. If you want to live in a country where the state has very little to do with the economy and pure capitalism is left unchecked, move to some primitive third world country. That is the closest you will get to "laisez-faire capitalism."
2007-03-20
19:24:18
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9 answers
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Anonymous
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Politics