Free Market Economy 101
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This is my explanation of how the Free Market Economy works, "Larry Ishmael" US Congress US House US Representative Environment Clean Air Global warming Suasor Education Taxes Energy Clean energy Policy Foreign Affairs International affairs
Comments
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how are the families guaranteed that they'll get paid fairly and how would they have money left if the firms don't pay enough to workers to have money to reinvest without government's involvement?
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The only legitimate role of the government is to protect the people's rights to their own property. You are not allowed to murder, rape, steal, commit fraud, or otherwise infringe on the rights of others to their own person or property. Government should raise a single flat consumption tax (like a universal sales tax) to pay for these few legitimate roles. The reason for a flat consumption tax would be that it is fair to all and has one of the least negative impacts in economic growth. Also, in order to not disadvantage the poor, there should be certain exemptions on basic staple food items. I believe the government should get out of all illegitimate roles it has undertaken, use that additional revenue from taxes to pay off government debt, and then also eliminate all taxes and replace them with a single flat consumption tax. This would get government largely out of our lives, thereby increasing freedom for all. It would also get government out of the economy, leading to a massive increase in economic growth and prosperity.
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Free Market is stupid
it only benefits people with large amounts of Capital(rich people) -
This is what America needs! Do this in ALL 50 states!
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Do you know that created the markets? The state.
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trans humanism is the next phase of humanities evolution. we have accomplished what Rome never dreamt of...
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K
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if we get computers to run and monitor our economy it will remove most mistakes, biased decisions, greed, and corruption that tempts and plagues the average human.
downside of AI or computer is that they can be hacked to benefit or change their programming leaving us vulnerable.
what is the difference of a computer being hacked or an employee caught taking a bribe?
Only one is accountable. -
We sure the hell don't have a free market society in America.... LAWL.
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Ain't no such thing as a free market inside a society that has some form of government. The existence of a government destroys any hope of a free market because it allows greedy players to manipulate the system to their advantage when they are in a period of relative strength compared to other players. And even if there wasn't a government, the system is based on consumption of finite resources which is not sustainable. It also misprices natural capital (for example if we consume so many trees and put out so much pollution that the phytoplankton in the oceans diminish significantly, then global oxygen production drops, we die, and the system crashes). Free markets can only react and not plan against these mispricings of natural capital, and thus are vulnerable to large amplitude volatility. There is also systemic risk: every player can be doing what's best for them, and the system can still crash. Unfair advantage takers can cause a 'butterfly effect' in a closed loop system where bad behavior sets in motion events that crash the system even after this bad behavior is detected and/or corrected; so in order to have a free market system you'd need humans that are 0% corrupt or 100% moral. This doesn't exist in reality.
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USA had free market-crashed and replaced with a mixed market which it still holds however is semi-sydacalist. the US needs to move to full syndacalist because its hybrid system is interrfering and contradicting itself. the democrats want to maintain a mixed market economy and the right wants to revert back to the already failed free market. this is stressing our already stressed and corrupt system. we will soon have another civil war if we cant figure somthing out but we wont as expected.
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a market economy and a planned economy have benefits, however a planned economy can be de-centralized or centralized, and not nessacerly to a central state, and a market can be "free" or mixed. a capitalist economy tends to need non-aggression however it is impossible. capitalism runs smooth if things go according to theory however in the end it crashes multiple times and eventual the human race finds an answear like socialism and sydacalism to replace the old failed system.
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if an economy is unstable it is likely to collapse as every other nation has. there is only so many resources availible and once they start to run dry things swing into chaos due to the lack of a particular product that we have grown used to having at hand and since markets tend to naturaly be inefficient at consumption and thus unstable they tend to involve the government if it goes to hell. causeing the government to get involved as the US gov did after black tuesday. lazzie-faire anyone?
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