Every proposed economic system is a complete fictional fantasy. Especially capitalism, socialism, and communism.
This is a basic question of private or public ownership.
If the government owned all means of exchange, would our society be any better? Is it even possible for over 300 million people to come to own the means of production?
To some, A free market means that the government does not regulate/restrict business; but, will create laws to benefit them. To others, a free market means the government's sole duty is to protect people's rights and provide recompense for fraud or force.
If I remember correctly, corrupt politicians made the Gilded Age possible. So, no. Markets will never be free as long as politicians can be bought.
Where is the economic policy that takes human greed, discrimination, distrust, fear, ignorance, etc., into account?
This is a basic question of private or public ownership.
If the government owned all means of exchange, would our society be any better? Is it even possible for over 300 million people to come to own the means of production?
To some, A free market means that the government does not regulate/restrict business; but, will create laws to benefit them. To others, a free market means the government's sole duty is to protect people's rights and provide recompense for fraud or force.
If I remember correctly, corrupt politicians made the Gilded Age possible. So, no. Markets will never be free as long as politicians can be bought.
Where is the economic policy that takes human greed, discrimination, distrust, fear, ignorance, etc., into account?
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