4 ms·

Can you give an example of a liberal democracy without markets?

• pnathan 8y ago
  Mmm- no, I don't think that's how this works. You're dodging the question. (markets have multiple definitions. a bazaar or person to person trade has existed as an independent variable of governance. a stock market ("the market" usually referred to in these sorts of articles) exists today in a wide variety of modern governance, from authoritarian to liberal. Arguably Athens had a liberal democracy, but no stock market)
  • throwaway37585 8y ago
    > Mmm- no, I don't think that's how this works. How what works? > You're dodging the question. I'm not. Every liberal democracy I know of has a market economy. > a stock market ("the market" usually referred to in these sorts of articles) Why should "markets" refer exclusively to stock markets? What about the most essential type of market: commodities? Markets have existed for millenia, since humans began to trade. > exists today in a wide variety of modern governance, from authoritarian to liberal I didn't say liberal democracy is a prerequisite for markets (and I don't think it is). I said markets are a prerequisite for liberal democracy. > Arguably Athens had a liberal democracy, but no stock market But they had markets, which agrees with what I said. In fact, ancient Athens engaged extensively in trade. It's one of the major reasons it became an important center of culture, arts, and philosophy.