free market economics, the invisible hand. the economic idea developed by milton friedman. some people say that the us is a free market system, yet the government controls so much in economics that there is no possible way that the U.S. can be considered free markg Kong, yet anymore.
While the U.S. shys a way from the free market system, it seems like China is starting to reep the benefits. Through Honb Kong, China has built an isolated area were they have changed communist ideas into free market ideas. The profits China has made from this haw spurred the country, people are trying to cross the government border, risking there lives, to get to the better life, the free life. remind you of anything?
According to the free market system, there is a limited government that has some purposes:
1. Provide national security (military)
2. Provide law enforcement (police) and law
3. Judical Systems
4. Set limitaions on standards
Therefore, the economy will be run on competition. quality of products will go up, while prices will go down because businesses will produce the best quality product so that consumers by theres, and the prices will drop because people will wat to buy affordable products.
With the limitations of the government, humane standards will be met for working conditions. these will not be strict standards. because of competitions, business will use incentives and higher pay to attract the best skilled workers. and the worse the working conditions, the more the pay.
Do you agree with these ideals. statistics show it produces the most profit and that through the free market system everyone benefits. so why doesn't the U.S. use the system today instead of trying our failing economic system, which happens to be a mix between socialism and free market?
Do you favor tort reform, yes or no.
Do you believe that when presented with a choice between literally 100,000 different products a consumer will be able to make an informed choice.
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"We cannot redeem evil, we must combat it." -- Jean Paul Sartre
the way the consumer finds out would be like you would today, media and news or experience. like if you buy a car, he might like fords cars quality and not honda.
get it?
The word you were searching for in your title was "correctly", now, since you've refused to answe the questions I am going to assume that you like tort reform and believe that obtaining such information is in fact possible.
First, by opposing tort reform you are removing a free-market check on the free-market.
Second, by stating that it is in fact possible for consumers to be properly informed about 100,000 products, the companies that produce them, and the consequences of consuming them, you are assuming that consumers are made of time. I have news for you: they aren't. Now, once you've gotten off of daddy's health care coverage, out of school, and have gotten a real job I'll let you resume your argument.
Until then, I suggest that you look at a point which Milton Friedman became aware of right before he died: there is finite amount of time.
My Blog
"We cannot redeem evil, we must combat it." -- Jean Paul Sartre
get all pissy,ive never heard of tort reform, i thought it was an error. and there will be time. becuase very day of your life you buy products, get different opinions on them. through these opinions you will be able to make a decision on what you think is best. and the media, which i stated, is the watch dog. how do you think people become informed. through the media. when the media finds something wrong, they pounce on it like cats do a mouse. k, if you look at our world today, youll se it live and well.
and i have a 2 real jobs, i leave at 11:30 from school and go to work till 10:00/. for the first the first three classes i take, there all A.P. or Honors. and i maitain a 3.8 G.P.A.
i work my ass of daily, so dont say shit about my life, because you have no idea.
I think govenment does have some more responsibilities, like public works (roads, schools, parks, etc.) and to make sure everyone has their basic needs met, but for the most part, I agree. I don't think that in the business sense, we are too far from a free market, as pretty much all the government does to interviene is set price floors and ceilings, which I guess could be construde as "setting limitations and standards."
public works was in the limitations and standards, because in that section. he goes into depth on standards of living and health. sorry i forgot to mention.
Free Markets and Anarch-Capitalism all the way!