Hi
"Free" is a concept an ideal. Nothing can be really absolutely free. We may have to understand "Free Economy" in a context where the choices of the individual are respected as long as the choices are within the confine of given rules. When the given rules come to be those of a majority then we have a democracy which can spurn a "free" economy. If by free we see a free for all, I-do-what-I-please, laissez-faire state of affair, I am not sure there are any proven proof that such anarchy has ever resulted in a peaceful, prosperous State. Actually all evidences point to the contrary. Nothing runs all by itself, the complexity of modern life almost demands that there be rules, many rules . Same complexity mandates their enforcement. 80,000 pages is nothing when one come to think of it .. It is a trial , heroic or even quixotic to get everything right, else too much falls in the cracks, wit often abhorrent results. Rules are a byproduct of democracy, a byproduct tor trying to maintain a free economy. The alternatives to an absence of (or too little ) regulation is not freedom, it is domination by a few, with the catastrophic results we have witnessed in 2008; we are still feeling the tremors of such a hands-offish approach to "free" economy.
I am OK with these people conclusion, not perfect but a free economy (with regulations) tends to produce more prosperity.. It seems to often be one of the happy results of democracy
Are you saying that everyone is probably breaking some type of law?
s.
For laissez-faire capitalism to exist, the people participating in it must understand the meaning of RATIONAL SELF-INTEREST. It is not screwing the other guy so you can double your share. It's about cooperative coexistence where no one violates another's rights.
Tim...how are junior congressmen centralizing economic power? And isn't "functional government" an oxymoron?
People are paying closer attention to what's going on in DC now than ever before, hence the polarization. Who knows, maybe congress and the administration will have to show some accountability for a change. Folks are demanding it and don't appear to be backing off any time soon.
The only thing worse than Laissez-faire Capitalism is government-controlled economy.
Gibson Guitars
Rawesome Foods
Raw milk
Amish farmers
Lemonade stands..
..need I go on?
I know of no society that has ever had pure unregulated Capitalism.
As far as companies screwing other companies in your imaginary 'capitalist' economy, that's a fallacy, because in an unregulated free market, there are no government mandated monopolies. There is no legal barrier to a competitor starting up, offering a better 'no screw' service, and putting the crooked corporation out of business. But in a socialised economy (which is NOT Capitalism), government barriers to entry prevent competition, so corporate screwing goes on with government blessings.