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Plenty of underdeveloped countries are free markets as well. China is attempting to show that not even democracy is needed to be prosperous.
by EduardoBautista 4y ago
Plenty of underdeveloped countries are free markets as well.
China is attempting to show that not even democracy is needed to be prosperous.
- __pache__ 4y ago[flagged]
- ETH_start 4y ago>>Plenty of underdeveloped countries are free markets as well. All less developed free market economies have been free markets since relatively recently. The wealthiest economies are generally those that adopted market based rules the earliest, e.g. the Anglosphere and North West Europe, which were free market based since the 19th century.
- WalterBright 4y ago> Plenty of underdeveloped countries are free markets as well. Example? And you're right that democracy is not a requirement for free markets, though they usually go together.
- friend_and_foe 4y agoSomalia and Yemen are about as free market as it gets.