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It goes without saying that a pure free market is not something to strive for. But it has been proven time and time again that a free market delivers more suppl
by choeger 6y ago
It goes without saying that a pure free market is not something to strive for. But it has been proven time and time again that a free market delivers more supply than any centrally planned economy in existence. In fact, each centrally planned economy had historically suffered from undersupply and consequently open up to free markets at least partially.
Just one example is Cuba. A highly educated and stable society failed to provide food (especially meat) and consequently had to open up that sector for entrepreneurs.
As I initially said, there are clear downsides with that, especially overproduction, environmental concerns, and worker treatment. But ironically, the same problems appeared in centrally planned economies as well.
Consequently, people will always choose free market economies over centrally plan ed ones because of the better supply situation. This then leads to a conflict between democracy and economy (see GDR).