Is there any historical evidence that free market capitalism works?
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01-22-2013, 11:11 PM
Post: #11
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The best example would be after the Civil War, during Reconstruction, or during the Industrial Revolution, before the days of corporatism.
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01-22-2013, 11:11 PM
Post: #12
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Don't think so, because pure free market economy without any regulations whatsoever would be self destructive. Without anti-trust laws, only one company would come out on top and there would be no competition. Without labor laws, children would be put to work and everyone except the owner of the one remaining company and his family would be receiving minimum wage. It would end up much like feudalism.
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01-22-2013, 11:11 PM
Post: #13
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Yes, the United States from 1776-2000.
Chile has had private social security since the 70's and they retire with much more even though they aren't as wealthy of a country. Ask any businessman how much regulation has hurt their business in the last 10 years. Its been devastating. Where you see capitalism fail is when people have no respect for the rule of law or when business make special deals with the government to drive out competition (see Solydra and GE). Ads |
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01-22-2013, 11:11 PM
Post: #14
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For who? For bandits Lear's tiffs GOP/NWO puppeteers!
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