US economy and war

[99 44/100% pure]

Originally posted by Undertoad
. . .There are a lot of people who want there to be some weird, mysterious, inexplicable problem with free economies that causes them to implode or not work right or demand war and stuff. . . .

The only weird, mysterious, inexplicable problem with free economies is that one has never truly existed anywhere on the face of the planet, so we have yet to gather any empirical economic data to support or argue against the benefits of such a system. While the U.S. model comes the closest to a "free market" of all the supposed free economies in existence, the 'invisible hand' of government intervention is so heavy in our system that a true economist couldn't call ours a free market.

While I alternately shudder and laugh at some of these governmental interventions, I doubt many of us would want to live in a truly "free market" economy. We value our health and safety too much.