Many people discuss the importance of a free market economy and site numerous examples of how economies work best when they have less regulation. This is all well and good but one has to ask; Is There Such Thing as a Free Market Economy? That is to say does such a free-market economy actually exist and if so where or where could she be?
To answer the question; No, there is no such thing as a Free Market Economy, Adam Smith was right, the critique of Karl Marx is note worthy but too extreme. Ayn Rand makes a good point for it and so does Allen Greenspan, Thomas Volker and did Milton Friedman himself.
We cannot study Free Markets in reality, only in theory. Even micro-economies and closed systems, such as an Island Tribe, will have good ole' boy networks, it is the nature of human behavior, chimpanzees and the social tendencies of upright walking primate Carbon Based Bipeds.
Indeed, I realize that any true studier of economics who asks this question; Is There Such Thing as a Free Market Economy? Or does a Free-Market Economy exist anywhere? Or Give me an example of a Free-Market Economy; is merely asking such a question in a rhetorical way of course, just having fun here. A thought on the subject; Allegory of a Beach Ball; Thought on Monetary Flows, Trade, Currency and International Markets;
Indeed, perhaps this might give you a little more perspective on the subject and some deep thoughts on many things remotely similar. I certainly hope this article is of interest and that is has propelled thought. The goal is simple; to help you in your quest to be the best in 2007. I thank you for reading my many articles on diverse subjects, which interest you.
"Lance Winslow" - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/. Lance is a guest writer for Our Spokane Magazine in Spokane, Washington
Source: www.articlealley.com
