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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (190044)	6/8/2004 3:52:38 PM
From: tejek	Read Replies (1) \| Respond to of 1577966

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. I said pretty close. Its understood pure[100%] capitalism is near impossible. With that caveat, the US was close to that goal in the last 18th and early 19th centuries. 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. Not around 1800.....we were still too new for that stuff. We where certainly closer to pure capitalism but we were not really that close. I guess it depends on your perspective. ted