Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TigerPaw who wrote (209622)	11/1/2004 10:17:13 AM
From: Peter Dierks	Read Replies (1) \| Respond to of 1576885

I don't agree that economic freedom is absolutely tied to political freedom. I think the Soviet Union's economy was destroyed by monopoly industries. That is more likely under when the government owns the industry, but there is no inherent reason that the government couldn't set up competing industries, which is closer to the emerging china model. Conversly a free country can become economicly stagnant if it falls to monopoly control. The article does not claim that an absolute equivalency. I did not intend to either. The presence of political freedom tends to promote economic freedom. We could find politically free countries with poor economic freedom. The China model is interesting. In China, economic freedom is leading the charge to political freedom. Chinese administrators can still imprison people without a judicial hearing. I suspect it is the kinetic energy of their demographics unleashed by the small incremental freedoms. It does not fit perfectly with the thesis of political freedom being a leading indicator of economic freedom. That does not change the likelihood that it will be the dominant world economy by the 2040's or before.