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billbails | What are CONS of the free market (not pros!)? |
please help. Additional Details thanks guys, great points made |
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kellen s
 |
I am assuming you mean a true "free market"..rather than what we have that still has government intervention:
-when disaster strikes, no government to help
-unethical business practices can run the market
-monopolies can control
-the rich get richer the poor get poorer |
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eddiegee001
 |
The free market only has "cons" in the sense that being a free human being has "cons" relative to being a slave or serf. It is indeed true that free markets and free people have no owners, masters, or rulers to take care of them and to make decisions for them.
Of course, we are not totally "free." We are bound by numerous laws, and so is the marketplace. But in both politics and economics, Americans have traditionally tried to maximize freedom wherever it is prudent to do so.
Those who cry out for limitations on freedom almost always have one of two motivations:
1) They wish to rule over others, which they may or may not rationalize as benevolence (eg Ted Kennedy and his relatives, who wield vast wealth and influence yet refer to their activities as public "service")
2) They lack either the intelligence, the courage, or the fortitude to be self-reliant, and want someone in a position of power to allocate the fruits of someone else's productivity to them. Such individuals typically camouflage their desire for this as a desire for "fairness." (E.g. The best price I can get for my labor in the marketplace is $8/ hour, whereas football stars are willingly paid hundreds of times that. Somebody, somewhere, is being "unfair," and somebody in a position of power should remedy the situation by handing over to me not what the marketplace shows my labor to be worth, but what I believe to be "fair".) |
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Rod O
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The Con is the uneven distribution of the wealth generated. Idiots and incompetents don't benefit from the free market. They wind up teaching economics. |
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bansisdead
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its open to financial abuse, a free market doesnt always act to benefit society, usually only benefits a small minority. a free market is hard to control, Gov regulations arnt usually liked by free markets, i personally believe the free market combined with capitalism shackles the poor, it gives the poor false hope, they may make it big but all probabilities they wont, btw who is suppose to be ur countries leader the Gov or the free market, of late the free market has been more controlling than world Governments, Gov control of markets is needed to show who has power and authority, we dont want the bankers controlling us |
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saharaaj
 |
there is nothing known as free market . all markets are regulated for the benefit of dominant market players |
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betmoneyonit
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There are none. The free market is the perfect mechanism until tinkered with by socialist pieces of crap.
Go ahead, I dare you to answer the question like that. Just so you can see the look on your liberal teachers face. LOL |
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iluv2tradestks
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Think of the alternative, communism, socialism. The free markets unemployment rate is far less than any other combination, including Canada where the unemployment rate is almost 9%, Europe is much worse at 14%. Free market GDP has a much larger growth rate also when in comparison. The cons are the government. They only mess it up. This bailout is a good example. Some complain not enough regulation, where the Government actually added regulations, penalizing banks if they didn't make bad loans. No one parties fault, they are both having blame. In the free market, you can still have bad investments, whether it is a business or a stock pick, but you pick yourself up, and recover rather than waiting for the government to do it for you. |
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Dad's found yer scoo'er
 |
It's all been a con. The "cons" have become apparent over the Summer such oil prices and ridiculous mortgage speculation. |
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