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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (189994)	6/8/2004 2:57:57 PM
From: TimF	Read Replies (1) of 1578036

When the U.S. practiced 100% capitalism The US never did such a thing. In the late 18th and early 19th centuries, we were pretty close. Not really. The primary form of income for the government was tariff income. Tariffs are trade barriers, hardly "pure capitalism". I suppose real "pure capitalism" on the scale of a country is probably not possible but tariffs are a bigger intrusion on the market then income or sales taxes that raise the same amount of revenue. Also in the 18th and 19th centuries you had subsidies and political favoritism, particularly for railroad companies and before them canal companies and other interests. We where certainly closer to pure capitalism but we were not really that close. Tim

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