Conservatives & Liberals - Do you think the "Free Market" will produce the best economic and social results?
If so - why? What are the mechanisms involved, the reasons that you think will cause "free market" policies to do this? If not -- why not? Why do you think the "invisible hand of the market" won't automatically do what's best for our society, despite the claims of those who say the market knows best? Whether you're "pro-free market" or "anti-free market," where do you think other YA members should go for information & insights about this important question?
Asked By: Andy F - 11/22/2010
Best Answer - Chosen by Asker
Yes. I believe free market capitalism has and always will produce the largest range and greatest number of private sector jobs for the greatest number of people, skilled and unskilled, over longer periods of time than any alternative economic system. And if that is true, then free market capitalism should also produce... More
Answered By: TK - 11/22/2010
Additional Answers (2)
The free market may not produce the best economic results, but if you count freedom as a social result, then I think it qualifies as the "best" system, proper weighting applied to freedom.
Answered By: Erick - 11/22/2010
It will produce the best results more often than one with government control. Government has a role in helping markets like enforcing property rights and providing a legal system that allows you to sue a party that fails to keep its end up... More
Answered By: Riot106 - 11/22/2010
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