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Originally Posted by aerohead
Free market capitalism has a very poor record for performance.
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Compared to what?
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TheTrickle down hypothesis has no evidence to support its claim of superiority.
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Superiority to what? The principle is common sense though, that when someone has money, they spend or invest it. When you spend money, it then gets spent by the next person and so on, turning the economic wheel.
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Privatization has failed in all large scale experiments,leading back to nationalizations.It has never successfully competed against public-owned enterprises.It's structurally impossible.
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That's just the opposite of reality. Tell that to the Soviet Union.
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Market liberalism is a failure except for small to medium enterprises,and only if there are enough competing companies on a level playing field.
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What is market liberalism? Obviously competition is the reason that capitalism produces superior results. The incentive to not go out of business drives innovation. This is exactly why monopolies are bad, and why a centralized economy, being the highest form of monopoly, is the worst outcome possible.
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The US economy has never been as good as when it was a socialist/capitalist hybrid mixed-economy,between 1945 and 1973.
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That requires explanation.
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You might find a more stupid economy than the US economy,but maybe not.
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The challenge would be to find a better one, and then adopt those free market principles.