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Old 09-07-2019, 01:43 PM   #6799 (permalink)
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Originally Posted by redpoint5 View Post
Compared to what?

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.

That's just the opposite of reality. Tell that to the Soviet Union.

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.

That requires explanation.

The challenge would be to find a better one, and then adopt those free market principles.
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