The world loves free markets, with good regulation

Discussion in 'Economy' started by Truthmatters, Apr 3, 2008.

  1. Truthmatters
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  2. Truthmatters
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    A new poll of 20 countries from around the world finds a striking global consensus that the free market economic system is best, but that governments should also do more to regulate large companies. In all but one country polled, a majority or plurality agreed with the statement that “the free enterprise system and free market economy is the best system on which to base the future of the world.” On average, 61% agreed while 28% disagreed. The poll of 20,791 individuals was conducted by the international polling firm GlobeScan and analyzed in conjunction with the Program on International Policy Attitudes (PIPA) of the University of Maryland.

    Ironically, the country that showed the highest level of support for the free enterprise system was China, with 74% agreeing that it is the best system. Others that were nearly as enthusiastic were the Philippines (73%), the US (71%), and India (70%).

    We handle this right and China will open up wide and be a democracy.
     
  3. Diuretic
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    the timing's good, we're looking at the spreading damage caused by unrestrained capitalism, it's an object lesson. The mixed economy with sensible regulation works. Command economies don't work and unrestrained capitalist economies will eventually destroy their hosts.
     
  4. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    I wonder which of our (US) politicians are in support of free markets for individuals and small companies with reigns on big business and the 'super wealthy'?

    Kind of hard to gauge... Between the source of campaign money that is big enough to come with a legible voice and a media that is prostituted to big business, we really don't know.

    It makes me wonder... which is the lesser of the two evil choices we face?

    If we go socialist with the democrats we'll fall behind the world, especially China, economically...

    If we keep big business in power via the republicans, we risk war against the driving force behind our economy - Big Business.

    Too bad there isn't a "Constitutionalist Party" - get us back to our free market roots...

    -Joe
     
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  5. Toro
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    I completely agree.

    The market creates the most wealth for the most people most of the time. (It does not create all the wealth for all the people all of the time.) Thus, it is the engine of growth.

    However, sometimes the market veers off course. The government should be there to make sure it stays on course. Increasing regulation that increases transparency and information for the consumer is the single best thing the government can do to help the market.
     
  6. KungFusion
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    What's most interesting about the deregulation rhetoric among US conservatives is how silent it is on the issues surrounding the Corporate Welfare State so alive and well in situations like the Bear-Stearns fiasco.

    apparently, socialism is just fine with the free-market orthodoxy under the right circumstances.
     
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  7. Diuretic
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    I think corporate welfare's existence is evidence of the latter day failure of capitalism as an economic theory and practice. I have yet to work out why so many approve in full throat a system that depends on a cycle of boom and busts. The same people who decry the theory of evolution are quite happy to refer to the survival of the fittest and adaptation when it comes to the capitalist economic system. Surely the misery that's apparently compulsory on a cyclic basis in capitalism isn't something we have to put up with?
     
  8. AllieBaba
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    Mindless rabble.
     
  9. Toro
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    Toro Diamond Member

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    "The only socialism that seems acceptable in the United States is socialism for the rich."

    - JK Galbraith
     
  10. AllieBaba
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    Which makes absolutely no sense at all. Just more mindless drivel.
     

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