There are two great examples of why free market is better than Government Regulated market. One is minimum wage. Our society has gotten to a point of self entitlement - we are entitled to pay, regardless of amount or quality of work. In the meantime, foreign markets have gained footage on us by creating better and harder workers through competition - something that is lacking in our government regulated workplace. Now we are seeing the results, because thousands of jobs are going overseas each month - or being given to illegal workers within our borders who will do the same amount of work but for less money.
Another great example is the auto industry. For years, the mantra of U.S. auto industry is "buy American". Not because they are better quality, or get better mileage, or last longer - but because they are American. In the meantime, auto makers overseas (particularly Japan) have worked off a system of competition and quality. Now U.S. autos can't keep up with Japanese.
Yes or no?
2006-08-31
22:18:38
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1 answers
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asked by
Christopher B
6
in
Other - Business & Finance