Because the free market system is so weak politically, the forms of capitalism that are experienced in many countries are very far from the ideal. They are a corrupted version, in which powerful interests prevent competition from playing its natural, healthy role.
Haitian rice farmers are quite efficient, but they can't compete with U.S. agribusiness that relies on a huge government subsidy, thanks to Ronald Reagan's free market enthusiasms.
The "developed" nations had given to the "free market" the status of a god, and were sacrificing to it their farmers, farmlands, and communities, their forests, wetlands, and prairies, their ecosystems and watersheds. They had accepted universal pollution and global warming as normal costs of doing business.
Corporations are a good thing. But corporations should not be running our government... They have driven the American economy since its founding, and the prosperity of our country is largely dependent on the free operation of corporations. But some corporations don't want free markets, and they don't want democracy. They want profits.
We do not have free market capitalism in America; we have crony capitalism. There is a huge difference between free market capitalism that democratizes a country and makes us more efficient and prosperous and corporate crony capitalism.
In a true free market economy, you can't make yourself rich without enriching your community.
What polluters do is raise the standards of living for themselves, while lowering the quality of living for everybody else, and they do that by escaping the disciplines of the free market.
You show me a polluter, I'll show you a subsidy. I'll show you a fat cat using political clout to escape the discipline of the free market and force the public to pay his production costs.
I am a strong believer in the free market. I am a strong believer in capitalism. But, I am also a strong believer that there are certain common goods - our air, our water, making sure that people are safe - that require to have some regulation.
"Free markets" is a very general term. There are all sorts of problems that will emerge. Free markets work best when the transaction between two individuals affects only those individuals. Most often, a transaction between you and me affects a third party. That is the source of all problems for government. That is the source of all pollution problems, of the inequality problem. This reality ensures that the end of history will never come.
The great virtue of a free market is that it enables people who hate each other, or who are from vastly different religious or ethnic backgrounds, to cooperate economically. Government intervention can't do that.
When you argue for free markets, you are arguing against the trend.
The argument for the free market is a complicated and sophisticated one and depends on demonstration of secondary effects. I have confidence market efficiency will win out.
I think here is the irony of American history. We don't have an established church. When you have an established church nobody takes religion as seriously as we do here. We have a free market in religion. The religious groups are competing with each other.
Surprisingly one of the forces for secularisation was Christianity itself. As soon as it accepted the idea of a contrary opinion, the moment that European opinion decided for toleration, it decided for eventual free marketing opinion.
As I get older, everything feels like it's fundamentally connected, and once you've accepted the idea that business is right, and the free market - though there's never really been one - is right, then everything else just follows naturally from there.
I think that there is absolutely no free market in modern industrial states.
Conservatism vests in and depends on the widespread, informed understanding of human nature, self-governance and the First Principle of Progress: free people interacting in free markets produce the greatest good for the greatest number always, but only, when tethered to virtue and morality.
It's really interesting that we've had this great Tea Party movement that is all about restoring free market capitalist values, but what they completely fail to understand is that what we've got now is a situation where there is a small class of gigantic financial companies that have put themselves above capitalism.
The Jacksonian era is generally talked about in terms of individualism, and the development of free market capitalism, and Victorian prudery. It was shocking to find a parallel history to that - a bunch of Americans with very different priorities. I stumbled on to these people, and then became completely fixated on them. The question that drove me was: how did these reasonable people adopt these extremely unreasonable ideas?
The free market is ugly and stupid, like going to the mall; the unfree market is just as ugly and just as stupid, except there is nothing in the mall and if you don't go there they shoot you.
People have a hard time accepting free-market economics for the same reason they have a hard time accepting evolution: it is counterintuitive. Life looks intelligently designed, so our natural inclination is to infer that there must be an intelligent designer--a God. Similarly, the economy looks designed, so our natural inclination is to infer that we need a designer--a government. In fact, emergence and complexity theory explains how the principles of self-organization and emergence cause complex systems to arise from simple systems without a top-down designer.
The reason this system can’t be overthrown in this country,” Walter said, “is all about freedom. The reason the free market in Europe is tempered by socialism is that they’re not so hung up on personal liberties there. They also have lower population growth rates, despite comparable income levels. The Europans are all-around more rational, basically. And the conversation about rights in this country isn’t rational. It’s taking place on the level of emotion, and class resentments, which is why the right is so good at exploiting it.
We all too often have socialism for the rich and rugged free market capitalism for the poor.
We need a consistent conservative, someone who has stood for free market principles, who has stood for the Constitution and, critically, who stood for the working men and women of this country.
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