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If the government pays people to not grow crops, do you have a free market? If the government props up certain industries with $BB in subsidies, do you have a f
by snarf21 5y ago
If the government pays people to not grow crops, do you have a free market? If the government props up certain industries with $BB in subsidies, do you have a free market? If the government approves mega-mergers that remove the ability for new companies to compete, do you have a free market? If the government bails out megabanks and investment firms after they crash the world economy, do you have a free market?
- adventured 5y agoOf course not. The US hasn't had a free market economic system, or anything closely resembling that, in 60+ years. The US is at best a mixed economic system. The megabanks didn't crash the world economy, they assisted as role players. The Fed's artificially low interest rates - an attempt to try to dodge a harsher recession after 9/11 and the dotcom implosion - primed a massive real-estate bubble that inevitably had to collapse. Just as the Fed has once again primed the massive asset bubbles in the US (both stocks and housing) by holding rates artificially low for far too long to try to spur fake economic growth.
- kazen44 5y agoprior to world war 2, the US wasnt a free market either. with massive government involvement to solve the great depression.
- deleted 5y ago[deleted]