regent
Gold Member
- Jan 30, 2012
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When did America ever have a self-regulating market? We didn't have it with England and we didn't have with our new Constitution. In short America never had a pure self regulating market, and can anyone name a nation today that does? Most economies today are in degrees not purity.
As I remember Adam Smith changed some of his ideas before he died, as did Jefferson. Ideas on paper and in talk might look good, but in practice they sometimes miss the mark. There is a reason most industrial economies today have a mixture of capitalism and socialism, with regulation. It may be the price a nations pays for allowing people to vote?
As I remember Adam Smith changed some of his ideas before he died, as did Jefferson. Ideas on paper and in talk might look good, but in practice they sometimes miss the mark. There is a reason most industrial economies today have a mixture of capitalism and socialism, with regulation. It may be the price a nations pays for allowing people to vote?