I guess you could say that Adam Smith invented market economy.
But, what's your beef with market economy Josh? The distribution of wealth in the markets, the supply and demand equilibrium, something else? Where's the beef?
I guess you could say that Adam Smith invented market economy.
But, what's your beef with market economy Josh? The distribution of wealth in the markets, the supply and demand equilibrium, something else? Where's the beef?
market economy breeds greed imho. and greedy people dont look after people who are less fortunate. im not some kind of activist or a radical or something, but i just know that theres a better way than the one we use right now.
++ [ originally posted by gray ] ++
That's true Vicky, communism sounded great before people actually gave it a go. It promised equal opportunity and equal rights for everyone. Though in retrospect, all we can say that we wish it wasn't thought up
Just like most "intellectual creations" of the left it all looked good on paper but with no work ethic and even less know how it had the opposite effect like Unions, social welfare and umemployment insurance. All created with good intentions and all exploited and used to suck up the economy and keep the poverty stricken at the poverty stricken level and give some just another reason not to go to work in the morning.
Just like Unions which began as a solution against the greedy slave labourers of the industrial relations to protect the working man from decrepid conditions it has become a corrupt machine run by aggresive violent and threatening leaders exploiting their members.
Communism began as a solution to the greed and cons of the laisse-faire capitalist economy and become known as waiting three days for a roll of toilet paper.
++ [ originally posted by [LAC] ] ++
market economy breeds greed imho. and greedy people dont look after people who are less fortunate. im not some kind of activist or a radical or something, but i just know that theres a better way than the one we use right now.
I don't quite understand how market economy breeds greed. If anything market economy often gives the best and most effective use of societys resources.
Greed should be stopped and fixed in the political system and the welfare state, not in changing economic markets IMO.