The US does not have a pure capitalist system because the government has a role in regulating the economy
is this statement true or not
2006-10-03 13:25:02 · 11 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
True.
2006-10-03 13:26:13 · answer #1 · answered by Anonymous · 0⤊ 0⤋
False. The idea of capitalism is relatively new in the world. There were burgeous merchants since the Egytians but nothing compared to the capitalist markets today. So to define a pure capitalist market is open to interpretation. If there was such a thing as a pure capitalist market without government interference crooks like Enron, World Com, and thousands of other companies wouldn't have committed any crimes.And the stock market would be unregulated and no one would invest their money in the market system. So to have pure capitalism is totally impossible, however our markets have a tremendous amount of freedom and that freedom makes it as pure as it could get.
2006-10-03 20:39:02 · answer #2 · answered by mac 7 · 0⤊ 1⤋
Of course it is true. All economies are somewhere in the middle of the Capitalist vs. Socialist spectrum. And the stronger ones are alloys of the two elemental economic types. If you make a sword of iron it will bend and dull, if you try to make a sword of carbon, it will flake and break. Make one out of both, correctly, and you have a tool much stronger than either individually.
2006-10-03 20:32:53 · answer #3 · answered by Zivien 3 · 0⤊ 0⤋
Yes that is true. And the sectors that are most heavily regulated are the least responsive to consumers and whose cost increase faster than the overal rate of inflation. The cost of medicine is a good example of this.
Regulation general decreases competition and simultaneously drives up cost of production.
2006-10-03 20:39:03 · answer #4 · answered by Roadkill 6 · 1⤊ 0⤋
That's true. Democracy checks rampant capitalism. The closest thing to pure capitalism was probably Hong Kong when the British still controlled it.
(or so I heard)
2006-10-03 20:28:50 · answer #5 · answered by nobody 5 · 1⤊ 0⤋
False, if you knew anything, the govt does not control business. Liberal agencies such as the epa and democrats make bullsh*t laws and put restrictions on businesses that force the govet to intervene. The liberals are at fault for any govt intervention there may be in business in the first place.
2006-10-03 20:37:57 · answer #6 · answered by donkeykong1122 1 · 0⤊ 1⤋
Our economy is unlawfully regulated by the Federal Reserve and Wall Street. Congress' role was usurped long ago.
2006-10-03 20:28:29 · answer #7 · answered by rc 3 · 0⤊ 1⤋
True, it is not pure capitalism
2006-10-03 20:26:54 · answer #8 · answered by Anonymous · 0⤊ 0⤋
True dat.
2006-10-03 20:26:53 · answer #9 · answered by Gene Rocks! 5 · 0⤊ 0⤋
True!
2006-10-03 20:31:32 · answer #10 · answered by Anonymous · 0⤊ 0⤋