|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|
This isn't a combative thread. I'm actually just looking for some opinions on the issue.
Do you believe the United States is a true free market (however you choose to define the term)? If so, why? If not, why not?
In a free market economy businesses fail and rebuild as needed by supply and demand. Nothing is too big to fail in the free market. Sometimes things just need to end. It is a silly company that continues to make something nobody wants or uses. Like black and white television. It's time ended a long time ago..
When the government subsidizes any kind of business you eliminate the freedom of the economy. You give an unfair advantage to whomever the government is subsidizing. Businesses cannot compete with subsidized businesses no matter how well run and efficient. I love how government deregulates businesses by changing the regulations- Usually they deregulate by giving more regulations, and less ability to function. It is amazing how adding rules is supposed to convince us we have fewer rules.
The idea of a true free market economy in the U.S. has been fantasy for almost a century. Early 20th century introduces the Progressive Era, working against child labor, graft, monopolies etc. Books like "the Jungle" and other startling revelations made it necessary for the J.P. Morgans, Rockefellers and Goulds to be reined in. As Tireless says, subsidies, the involvement of the government to promote goods and services for specific purpose giving advantages in the tax code to some over others is just one example of how this economy is anything but 'free market'. There is no such thing as a simple lemonade stand, anymore.
The idea of a 'free market' laissez faire approach to the economy is less than desirable. A avaricious few will make certain that all the chips are in their corner at the expense of the public at large.
Absolutely not. The free market is a situation where all voluntary economic transactions are allowed to take place unfettered. Where do we begin with the United States economy?
Principally, the Federal Reserve claims a violent monopoly of money, and in turn, counterfeiting; its quantitative easing has debased the dollar to something like 2% of its original value, relieving the citizenry of purchasing power. 'Federal Reserve Notes' were once tradable for hard Gold, but this is no longer possible. It is also illegal to use competing currencies. This cannot be considered 'free'.
Other government monopolies include: the roads, education, health, the police, and the military. Voluntary economic transactions in these sectors are at least limited if not prohibited. This cannot be considered 'free'.
Legislation of transactions are too numerous to count - hundreds of thousands of new laws are added to the books each year. The average citizen will unintentionally break at least 3 laws every single day. This cannot be considered 'free'.
Corporate socialism is rife. Subsidies to favoured corporations in the medical, food and financial sectors create inequalities and monopolies. Bailouts incentivise poor economic decisions by offering resources confiscated from the public to large corporations who fail. This cannot be considered 'free'.
Prohibition criminalises non-violent transactions, whether it be drugs, prostitution or gambling, overcrowding prisons (another monopoly, come to think of it). This cannot be considered 'free'.
So, the United States cannot be said to have a 'free market' in any sense. The US is a 'mixed economy', a mix of violent monopoly and diminishing voluntary transactions, and to put it harshly (perhaps more accurately): fascist.
Do you think there has ever been a true free market on the scale of an entire nation?
No such thing as a true free market. and especially this country where regulations are enacted frequently to stifle true free trade.
by Mike Russo4 years ago
During Obama's state of the union speech, he stated that he wants the minimum wage raised and is going to raise it for federal employees. He implied this will create jobs. The republican party countered...
by Don W8 years ago
Would a free market have prevented this from happening?I'm guessing the libertarian argument would be that the failings of state regulation was a contributing factor. Those failings stemming from the fact that the...
by Mike Russo5 years ago
The next time someone tells you that Obama is destroying the economy, remind them that the stock market and corporate profits are at all-time highs.When they tell you that this hasn't helped them, remind them they've...
by Ralph Deeds5 years ago
Economists Agree: Solutions Are ElusiveBy EDUARDO PORTERPublished: April 23, 2013 "Last week the International Monetary Fund hosted a conference of some of the world’s top macroeconomists to assess...
by Sooner285 years ago
http://www.nytimes.com/2013/05/17/world … odayspaperhttp://www.nytimes.com/2013/04/23/world … wanted=allEmployees work in dangerous conditions, are paid a pittance of a wage, and don't even have the...
by James Smith5 years ago
This is partially a joke - everyone thinks Jesus agrees with them. A question to consider though: although Jesus advocated compassion, charity and liberty, he did not advocate the use of violence to achieve any end,...
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.