Reliance on Free Market |
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 Jun 9 2009, 06:35 PM
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  Group: Staff Alumni Posts: 7,020 Joined: May 2008 Member No: 653,768  |
"As a result of the current global financial crisis, the international financial system can no longer rely primarily on the free market. To avoid future financial crises, governments and multilateral agencies will have to assume greater regulatory control over international flows of capital." Do you agree or disagree with this statement?
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Jun 9 2009, 08:43 PM
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 Sarcastic Mr. Know-It-All Group: Staff Alumni Posts: 2,089 Joined: Dec 2003 Member No: 29 |
QUOTE(kryogenix @ Jun 9 2009, 07:35 PM)  "As a result of the current global financial crisis, the international financial system can no longer rely primarily on the free market. To avoid future financial crises, governments and multilateral agencies will have to assume greater regulatory control over international flows of capital." Do you agree or disagree with this statement? Disagree. When was the last time we actually relied on the free market? Between subsidies, random incentives, stupid regulations, oppressive taxes and other bullshittery like the Federal Reserve, the government has far too much influence on the economy. If anything is to blame, it's government intervention, not the free market. |
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Jun 12 2009, 11:15 AM
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 Senior Member Group: Official Member Posts: 1,574 Joined: Aug 2007 Member No: 555,438 |
QUOTE(kryogenjx @ Jun 9 2009, 09:43 PM) Disagree. When was the last time we actually relied on the free market? Between subsidies, random incentives, stupid regulations, oppressive taxes and other bullshittery like the Federal Reserve, the government has far too much influence on the economy. If anything is to blame, it's government intervention, not the free market. I have to say I disagree as well. The government has a lot to do with the current financial crisis. When gov't pushed banks to hand out bad loans. When gov't started using "bailout" money. When gov't started to meddle with the American auto industry. So far all of these have had major negative effects on our economy in the form of inflation, job loss, etc... the gov't has made it very clear that it cannot regulate the economy effectively. I believe that the gov't has certainly over stepped their bounds during the past couple decades, however I do believe that gov't should play some sort of role in regards to dealing with monopolies and other companies that clearly abuse the market. |
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Posts in this topic
kryogenix Reliance on Free Market Jun 9 2009, 06:35 PM
liquidice If the bailouts and federal takeovers go much furt... Jun 9 2009, 06:54 PM kryogenix I'm going to copy/paste some responses from th... Jun 9 2009, 06:57 PM
reupONtrees LAISSEZ FAIRE BITCH Jun 10 2009, 03:59 PM kryogenix QUOTEI do not believe that more governmental contr... Jun 12 2009, 12:07 AM kryogenix QUOTEThe question I have to ask myself when posed ... Jun 12 2009, 12:08 AM
kryogenix ps post #6 is my post on the discussion
this is f... Jun 13 2009, 12:14 AM |
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