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Free markets have been one for the most successful and positively transforming thing that has ever happened. There is no absolute and regulations are needed, a
by mytailorisrich 1y ago
Free markets have been one for the most successful and positively transforming thing that has ever happened.
There is no absolute and regulations are needed, and functioning markets not always exist, but overall the free market is a massive success. Just in the 20th century you can compare how countries that rejected free markets and market economy in general fared compared to those based on a market economy...
- saubeidl 1y agoCompare the trajectory of China to the trajectory of the US in the 21st century.
- mytailorisrich 1y agoChina failed, like others, when it rejected the market economy. It started to boom after it made reforms to embrace it. The free market is thriving in China. The US have done very well economically in the 21th century, too.