2006-08-02 18:00:37 · 7 answers · asked by Anonymous in Politics & Government ➔ Politics
Pure Capitalist Economies are the models that are used in Economics courses to learn about the way things work before you muddle them up with regulation. so, yes, I think that a pure capitalist economy would work great.
2006-08-02 18:06:22 · answer #1 · answered by nathanael_beal 4 · 0⤊ 1⤋
When our economic system was created, it was suppose to be combined with a democratic republic in order to keep tabs on the government. It was designed to have accountability. Why? Because throughout history, capitalism has always failed.
The reason capitalism tends to always fail is because every single time the gap between the rich and poor becomes so enormous that either you end up with a 3rd world country where the middle class no longer exist OR you end up with a revolution because the masses eventually revolt. (Lenin)
Our forefathers tried to design our government in combination with capitalism to prevent this... things like anti-monopoly laws BUT what has happened is those powerful corporations have paid off politicians in order to continue to be monopolies. (walmart-Frontline series on walmart and internation trade and violation of monopoly laws)
They also wanted this new design of capitalism to have a sense of socialism, in hopes to prevent the mass revolt that tends to inevitably result. In layman's terms, they wanted to have social programs to guarantee the very poor a certain way of life. It's kind of like this: (its not this way but an example to describe the goal), say just by being born a USA citizen you are guaranteed a small piece of land. Then with capitalism, if you wanted more in life, you could advance and compete within the free market. See? You have that socialist guarantee but you have the option to build on it with capitalism.
I know this analogy isnt the case but it is very similar to what we have today... by being born a USA citizen you are guaranteed that you will be taken care of if you hit on hard times by food stamps or temporary welfare. We ALL have this guarantee. It amazes me that some fuss they are paying for those who need this when we all have it as an option. You never know when an accident might leave you with no legs or something... our system is suppose to have that socialist safety net for that.
This way both arguments are covered: the argument for socialism and the argument for a competitive free market. Their idea was kind of like that... social programs to keep us from becoming a third world country and then the free market to satisfy the inept human nature of greed.
Right now, this socio-captialist structure is being dismantled by the republican party. It's being transformed into a pure caplitalist economy which will eventually be our own undoing
2006-08-03 01:52:19 · answer #2 · answered by BeachBum 7 · 0⤊ 0⤋
my personal thought as long as the product and distrabution are closely equal in the private and corprately owned enviroment and the development is proportionate to the accumulation and reinvestment of profits gained in a free market.
I dont see why not but then that just a personal opinion!
2006-08-03 01:09:52 · answer #3 · answered by NuT 1 · 0⤊ 0⤋
It could function of the blood of the proletariat, that is why when there is one it gets overthrown or they pass socialist measures.
2006-08-03 01:04:54 · answer #4 · answered by Ludwig Wittgenstein 5 · 0⤊ 0⤋
Somolia's economy was the closest thing to one.
2006-08-03 01:07:09 · answer #5 · answered by Black Sabbath 6 · 0⤊ 0⤋
speak english man!!
2006-08-03 05:34:03 · answer #6 · answered by Anonymous · 0⤊ 0⤋
www.ebay.com
2006-08-03 01:08:12 · answer #7 · answered by Andy 3 · 0⤊ 0⤋