Date registered: Sep 2004
Vehicle: 95 E300
Location: Inside my head
Mentioned: 0 Post(s)
Quoted: 392 Post(s)
But isn't that assuming actions and decisions in a vacuum. In the real international market there are government pulls and pushes on all sides from various countries. Everything from customs tariffs to dollar devaluations ot hedging of currencies [bolstered by the FED].
There are also laws and treaties [although we have been ignoring some of those lately] that also govern the actions of the investors and owners which would keep them from exercising their self interest.
In reality there is no such thing as a free market economy, short of the trading bazaar in Ankara [and you don't want to get caught up in that too often].
Yes. Just as there is no such thing as freedom. I doubt you would argue since we haven't the perfect we should forget the pretty good and cease striving for better.
In the case of markets, we (the USA) should continue to seek expansion of free trade world-wide. Some markets will be with closed systems. So far, free markets have beaten closed markets in every instance in which they compete. Sometimes the collapse of the closed market is forestalled by treaty or gunpoint. But as the Chinese have obviously acknowledged, a free market will triumph at some point.
I doubt that a totally free market has existed aside from bartering systems on a small scale. Just as I doubt a pure democracy has ever existed other than in the most isolated of circumstances. Does that mean we should not pursue democracy? Of course not.
The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and that’s what I intend to reverse.
~ Senator Barack H. Obama