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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (1180)	8/8/2008 6:56:46 AM
From: Road Walker	Read Replies (1) \| Respond to of 86355

You're mistaken if you think poor countries are unregulated and untaxed. They usually have high marginal tax rates and are very heavily regulated. So much so that private initiative is suppressed. They are not heavily taxed because they don't have the income to tax... thus they lack the infrustructure to free peoples time for economic activity. one of which is that we were very rich in oil ------------------------------------------------------------------------------- Which doesn't explain why we were richer before the oil era. We were? Can you provide some data? There h/b real world experiments run over the last century - East Germany vs West Germany, N Korea vs S Korea, Taiwan-Hong Kong-Singapore vs Communist China and they have shown that economic freedom and economic growth are definitely related. Never argued against economic freedom. But regulation creates a level playing field. Wouldyou have food unregulated? It would probably be cheaper. Cars unregulated? If they didn't have to have headlights, airbags or effective brakes they would probably be cheaper.