that if only an economy could be purified of any kind of restraints on the free market (for example labor unions or socialized medicine or history), then the free market would be able to perfectly gauge the value of any type of good or service, and therefore an economy would balance itself, and, most importantly, inflation would be controlled .....to essentially impoverishing the populace in order to bring them to heel.
2007-12-09 11:27:58 · 5 answers · asked by ningis n 1 in Politics & Government ➔ Politics
That the best way to get the nation in line may be to pursue policies that will bring about a mighty fall at which time those who know best can step up with the draconian policies that will reshape things.
2007-12-09 11:29:17 · update #1
No.
You have to be truly naive to think that only the government has the ability to interfere with the free market. Multinational conglomerates and other private interests have for ages used their heavy influence to manipulate the markets for gaining an unfair advantage over their competition (if any). Price fixing and insider trading are just a couple of examples of non-governmental market manipulation.
2007-12-09 12:03:48 · answer #1 · answered by Anonymous · 2⤊ 0⤋
It didn't work during the age of the Robber Barons, during the time of "The Christmas Story." (Please Mr. Scrooge, give me some heating, some healthcare for my kid)
So, NO. It's proven time and again to be a faulty premise. Without Unions we'd be working the 14 hour days they work in Free-Trade China, and our Children would be working too. We'd have no Weekends. No middle class would exist to buy products, and the economy would collapse yet again. (like it did during the Republican great depression)
Who would be taxed to build the highways, sewers and educated workforce that allows the rich to make money? (capital) So-called "free trade" is just a faulty premise that doesn't function in the real world.
2007-12-09 11:56:21 · answer #2 · answered by Anonymous · 3⤊ 0⤋
No that's BS. A total free market is mob rule that includes child labor and other forms of oppression that are not acceptable
2007-12-09 11:35:05 · answer #3 · answered by justgoodfolk 7 · 2⤊ 0⤋
Nope. Turn industry loose without restrictions and there will be monopolies and the rich will continue to get rich and the poor will be poorer. Feudalism will be reinstated in the world.
2007-12-09 11:40:02 · answer #4 · answered by Anonymous · 3⤊ 0⤋
Sort of.... as long as one can prevent Ferengi style capitalism.. (goggle Star Trek)
2007-12-09 11:34:39 · answer #5 · answered by lordkelvin 7 · 0⤊ 2⤋