Discussion Issue:
Capitalism Without Free Enterprise
Facts, factoids, concerns, considerations:
- The majority of Americans believe in capitalism, and laissez-faire capitalism at that.
- Most Americans assume they live in a free enterprise system.[1]
- Market driven economies generally fair better than government-driven economies over the long term.
(e.g., the U.S. has lasted longer than did the U.S.S.R.)
- The prerequisite for free enterprise is an adequate number of suppliers and an adequate number of consumers.
- Supply-side economics is not based upon the number of suppliers.
- The terms "capitalism" and "free enterprise" often get used interchangeably in speech and thought.
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Liberal Democrat concerns:
- Freedom is not free; the 'free market' is not free.
- Too big to fail leads to too big to not fail.
- Large, multinational (no-longer American) corporations win big under capitalism by destroying free markets.
- The 'Haves and Have Nots' continue to diverge.[2]
- The market is restricted by not enough suppliers.[1]
- Trickle-down works only with taxes.
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Conservative Republican concerns:
- Capitalism provides the incentive to perform.
- Government regulations and taxation restrict capitalism
- Profits are maximized by capitalism, not free markets.[3]
- Bonuses must be freely based upon capitalism and the market.
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Questions:
- What would be a fair solution?
- What would King Solomon have done?
- What would John Galt have done?
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References:
[1]
- "Free Market Not"
[2]
- "Have and Have Nots"
[3]
- "We Have Capitalism.,"
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The University provides facilities and opportunity for students to articulate and explain their particular views and encourages civil dialog among students of various political perspectives. |
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Political diversity at Zo^o-University
is evidenced by numerous student chapters
of various political persuasions. |
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The views expressed by the various student activities do not represent the views of the University, nor does the University endorse any of the views so expressed.
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