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No, we really don't. We live in a mixed economy, which means freedom mixed with government controls, which always means there are government-chosen winners and
by javert 11y ago
No, we really don't. We live in a mixed economy, which means freedom mixed with government controls, which always means there are government-chosen winners and losers. It's what the people want, though. It's what we're taught is good in school; it's what we believe in.
- wyago 11y agoThat's not really relevant to joeyspn's statement at all. He's not talking about an economic system, he's talking about a political system. While political systems influence economic systems, they don't have a one to one relationship. In the case of the US, we have a corporatocracy which maintains the current mixed economy.
- javert 11y ago"Corporatocracy" cannot be an appropriate name for a system where most corporations are the victim of a few corporations that have governmental powers. So, "corporatocracy" is not a valid word. It would be like calling a dictatorship a "manocracy." On the subject of political vs. economic systems: a specific political system implies a specific economic system, and vice versa, so there isn't the distinction here that you think.