Does the American system of Free Market Capitalism?

Question

Only really work in America?

Don't all countries that have tried it - end up rejecting it and going for sublte forms of socialism?

Russia, Britain (after a lot of right wing stuff in the eighties) and Cuba too name a few.

Why does it only work for americans? Is it because of a exceedingly high output of christian message and morality tales, that allows (or encourages) americans to ignore and moralise at all the deprivation..and 60 million poor people?

Europe isn't right wing by any stretch of the american imagination. The french president would be labelled a extreme communist by Hillary if he ran in america.

Stuff about how the minimum wage is equivilant to half the minimum wage in britain and how 33 million americans have to work six jobs..

http://observer.guardian.co.uk/world/story/0,,1712965,00.html

Answer 1

Oh come on - America doesn't do 'Free Capitalism'. All the subsidies you give your farmers - putting cotton farmers in third world countries out of work for one.

America is the economic bully boy of the world espousing 'free capitalism' but practising oppresive protectionism. Cut the hypocrisy and open up your eyes to the real world.

Read on free download:

http://www.lulu.com/content/957245

Answer 2

You realize that most of those '60 million poor people' in America could own a villa in any South American country right? Comparing the statistics of poverty in this country to other nations is laughable, because our standards are so much higher. Not to mention that your argument is totally flawed.

Japan is more free market than us in a lot of ways, and they've gone from totally decimated after World War II to the second largest economy in the world in just over 50 years. Russia has switched to a flat tax (which is Capitalism on steroids compared to this country), and has been reworking it's economy to more closely resemble ours since the end of the Cold War. Eastern Europe's economies are exploding since they began implementing our economic principles. Forbes recently called the Eastern European market the most lucrative investment on the planet. The tide is already (slowly, but inexorably) moving away from Socialism, even in Europe.

Answer 3

What is globalisation? is it not something FREE?You opt to go town without shoes when the road is o sliding and full of pebbles?
What would be a better alternative to that FREEDOM in markets? Just think the inquisitive an d critical way.Go to a private personal journal or you will confuse that freedom with other issues.My dear.

Answer 4

it does work in other countries, it works in Britain and other countries are moving towards it in Europe and they are experiencing extreme prosperity because of it. The 2nd largest economy in the wolrd, Japan, also has done very well. And the 60 million poor people in America would be rich people in Africa, they are only poor by our very high standards.

Answer 5

It didn't only work for America, look at Hong Kong before the Brittish took it back. It is a proven fact that socialist countries are far poorer than capitalist countries. It is also proven that the less oppressive the government, the richer the citizens. Quit demonizing the US because you come from a shithole country.

Answer 6

well... the problem with your idea is America isn't a totally free market...

you have labor unions, safety regulations, social programs, public schools and more... which to certain degrees may fly in the face of some people's ideas of a "pure free market"...

Answer 7

It doesn't truly work in US - unfettered capitalism is eroding the social safety net, and causing the gap between rich and poor to be wider and wider.

They may be Christian, but only when worried about gays getting married and stopping abortion.

Answer 8

It seems a shame to answer a question with a question but 'does it work in America.???'
It certainly doesn't appear to from this side of the 'pond'!!

Answer 9

funny, i didnt see people waiting in line for toilet paper in America, but have in Russia...