ANSWERS: 3
-
Absolutely agree if you mean 'free market' system. Did you have something else in mind?
-
Well no, if you by that you mean unrestrained free markets. I realize this is heresy to speak in the United States and much of the developed world. The basic idea is that "a rising tide lifts all boats" -- this maritime metaphor is intended to illustrate that when the economy as a whole is running solidly on free-market fuel, those who are poor receive "trickle down" benefits: the tide raises their boat as well as it does the rich. To some degree, this is true and valid. But it's not absolutely true, and there are important exceptions -- some of the boats have holes in the bottom, and the rising tide just drowns them! Another problem with unrestrained free markets is that they're completely focused on short-term profit: they don't care about the environment, about social concerns, about relationships with other countries -- a free market is sort of a blind and somewhat benevolent wind, which while capable of doing great good, can also knock things over in its rush for growth. That doesn't mean I'm opposed to free markets either, but we need to avoid overcommitting to any philosophical idea: blind loyalty to a concept is abdicating our responsibility to use our intelligence wisely. Some boats need to be patched, some dams and wharfs need to be built, and sometimes the water needs to be pumped to a better place. Only by being aware, intelligent, resourceful, and committed to the good of the whole are such moves possible.
-
mixed economies are better-this is what the United States is based on. Forget about the myth that America is a free market place.
Copyright 2023, Wired Ivy, LLC

by 