... But that is not a bad thing. As we have witnessed, laissez-faire capitalist economies lead to the rich getting unbelievably rich and the poor becoming nothing more than tools used to produce. The labor force in an entirely free market economy is dehumanized and the vast majority of them cannot change it. The children of poor families remain poor while children of wealthy families inherit wealth, and monopolies would run amok. Mixed economies are known to be successful and there is no reason to revert back to laissez-faire capitalism..
We live in a crony capitalist society in a truely free market the government would't get involed in the economy , corporations and regulation would not exist . True that true that true that true that true that true that true that true that true that true that true that.
There is no such thing as a free market because every market has rules, regulations and boundaries. America is not even the most free economic market. The most free market is Hong Kong at 89.3% free and America 82% free. It's not that big of a gap but we're still not a true free market simply because it doesn't exist. We're relatively and that's as good as it's going to get.
America is not a free market, But it should be. Government regulations are responsible for nearly all the ills of our economy. For those who claim a complete free market system would lead to a far greater gap between rich and poor, I disagree. A person's income is based on the amount of value they provide in the market. If you go out and start businesses, Invest wisely, Etc. Then you will earn more. If you sit on your rear and do nothing, Then you will earn less. You will always have those who earn far more than others, But that's not a bad thing. What is a bad thing is government forcing some to earn less, Or stealing from some to give to others. By the way, The "rich" only get that way by providing something the rest of us are willing to voluntarily give our money in exchange for. The "rich" are those who have taken a lot of risk in starting businesses and who now provide a great deal to consumers through their businesses (i. E. Apple, Microsoft, McDonald's, Etc. ). If you want to become equally as wealthy, Then do what they've already done.
I wish America would get rid of all these government interferences that prevent us from being a completely free market economy. Get rid of all the business regulations, Subsidies, Socialist welfare programs, Etc. Government should have zero interference in the economy (and in our lives, In general) except to protect the people's rights to their own person and property. Don't murder, Rape, Steal, Commit fraud, Etc. If you do, Then government can get involved to punish those criminals. Outside of that, Government has no place on the economy or in our lives, In general. With this system, Yes, There would be challenges. But, We would be far better off and far more free. We should be the most free nation on Earth, A shining light and example to all other nations.
Taxes, subsidies, minimum wage laws, environmental regulation, money manipulation, international trade restrictions, business regulation, international trade tariffs, government monopolies, steel industry protection, laws against ticket scalping, regulations on outsourcing, laws against price gouging, savings taxes, family subsidies, health subsidies, housing subsidies, education subsidies, loan guarantees... Etc.
What do you think?
America IS still a capitalist system, but it's contemporary capitalism, with regulations, stimulus during recessions, subsidies, etc. It's clearly apparent that even contemporary capitalism has its fundamental, ineradicable faults, whether you think there's a better alternative or not. Regardless, contemporary Western capitalism is still by far preferable to most other systems.
At present, the government at various levels in the United States significantly regulates, taxes, subsidizes, and erects international trade barriers as well as outright banning some products. There is significant intervention in the market. Agencies that one would normally not think of as being interventionist but necessary parts of government, such as the FDA, are in reality mechanisms of government control over the market. In fact, the United States has never really had a free market as the government has always used its monopoly on force to grant monopolies, subsidies, and tax. The only way to produce a truly free, laissez-faire market is with the end of government, something that is not realistically achievable in the short term but possible in the long term.