Hi AC_Flyer.
((a large scale test with multiple controls, of your hypothesis that free markets are not the best way to organize human economic activity. The results of this experiment are clear - that individual and collective wealth correlates with the degree of market freedom in a society with a correlation coefficient approaching 1.))
LOL!
Yep, clear to the Hondurans, clear to the Peruvians, clear to the Russians, clear to the Argentines, clear to the Colombians, Mexican, Malays, and Iraqis.
Clear to me. ;)
BTW, "free markets", and which society has implemented this golden ideal? Certainly not the U.S. and the Europeans. If it hasn't really been implemented, how do you measure correlation efficiencies of a "ficticious" ideal?
As a framework for transactional efficiency, a "free market" model makes a lot of sense IMO. As an unregulated system unbalanced by public-service ethic committed to good governance capable of counter-balancing the profit motive, well, welcome gangster capitalism.
It's a matter of balance and ethic IMO.
JM2C worth.
glenn |
