Re: Brits Cut 490,000 Government Jobs
posted at 10/21/2010 6:49 PM EDT
In Response to Re: Brits Cut 490,000 Government Jobs
[QUOTE]In Response to Re: Brits Cut 490,000 Government Jobs : You can have mostly free markets along with common sense laws that prevent monopolies. Mostly free markets in a mixed economy will lower the barriers for entrepreneurs to enter markets which, as a result, provides for more and better competition. This is why the large corporations are generally for higher regulation, they can afford it and it keeps out the riff-raff.
Posted by StalkingButler[/QUOTE]
Large corps are for more regulation you say? That must be why the US Chamber of Commerce is running ads against the regulation happy Democrats.
Free markets in a mixed economy - that's called a contradiction. It's either a free market or it isn't.
And since China doesn't believe in free markets and China is one of our main trading partners, how can we as a country have free markets? Do we say, well yes, China is causing a huge distortion in the market leading to the wrong allocation of goods, services and resources, but we are just going to ignore it and allow our economy to be negatively impacted by the action of the Chinese?
The Chinese are pegging their currency instead of letting in float. In other words, the Chinese Government is controlling the value of the dollar. The Chinese have set the value of the dollar too high compared to their currency.
The impact - we import all of our goods from China instead of producing any of it ourselves. As a result, China's economy grows, while ours languishes.
Tell me again how an American company can compete against imports from Chinese? And explain to me one more time how our economy is going to grow if all of our manufacturing jobs are shipped to China? This is what has been happing for the last 10 years and is why we are in the situation we are in now.
So, a free market vs. the Chinese manipulating the market for US currency. So far, the Chinese are winning.