2007-03-01 21:00:11 · 6 answers · asked by Anonymous in Social Science ➔ Economics
That depends what you mean by 'free market'.
A society with no laws regulating companies is doomed no matter how you approach it. You've gotta have rules & limits to what companies can get away with, and you have to police & enforce your rules as a society.
If you set no limits at all on how big a market share one company is allowed to have, you run the risk of nasty monopolies charging you triple or more for everything.
So even the rich benefit (as consumers) from having a not-extremely-free-market society.
And the other four quintiles certainly benefit from having a state that actively supports good health, good education & survival through rough times. Free market is not the way to go, and it may wreck our planet through pollution & war.
2007-03-01 21:30:57 · answer #1 · answered by profound insight 4 · 0⤊ 0⤋
Actually, a free market will put more power in the hands of more people. In a communist style government, the power of the purse is with a select few. There are still inequalities with a free market, but as of now, there really aren't any better economic models.
2007-03-01 21:22:55 · answer #2 · answered by Kenneth C 6 · 0⤊ 0⤋
If this is for an essay look up the following words in an economics text.... externalities, social costs, social benefits, private cost, social cost, cost benefit analysis, public goods, monopoly, monopoly controls, oligopoly, mixed economy, planned economy --look around these phrases and you will get a detailed answer.
2007-03-01 22:01:22 · answer #3 · answered by brian t 5 · 0⤊ 0⤋
Well yeah. Survival of the fittest means the best and brightest are rewarded and anyone else is marginalized for extinction.
2007-03-01 21:10:33 · answer #4 · answered by guy o 5 · 0⤊ 0⤋
yes.its called the EU.an excuse to raise prices.
2007-03-01 23:02:14 · answer #5 · answered by earl 5 · 0⤊ 0⤋
Freedom is not free.
2007-03-01 21:04:00 · answer #6 · answered by Barbara Doll to you 7 · 0⤊ 0⤋