Hi Norton
Somalia has a free market economy.
It is divided up into power bases such as those under war lords who are running their own personal fiefdoms. Despite having an advanced ancient civilisation it has been plagued by aggressive imperialists such as Britain and Italy. More recently it has suffered the destablilising effects of the CIA who have set out to destabilise any country that didn't step onto their side of the line in the sand, in the polarisation of the cold war
If you skip back to page 1 of this thread and read my posts you will see what i think of free markets........i think they are terrible for the people. I have on a number of different threads argued repeatedly against free markets (anarcho-capitalism)
You might not want to listen to me so why not consider the views of George Soros, a student of Karl Popper and a believer in reflexivity and fallibilism.....he is one of the most successful speculators around and he made $1.1 billion betting against the pound on Black Wednesday.
There is a man who understands money and finance on a very fundamental level and has used his understanding to build an incredibly large personal fortune; yet he argues against what he calls 'free market fundamentalism'. This is what he says about it:
[P]eople came to believe in what former US president Ronald Reagan called the
magic of the marketplace and I call
market fundamentalism.
Fundamentalists believe that markets tend towards equilibrium and the common interest is best served by allowing participants to pursue their self-interest. It is an obvious misconception, because it was the intervention of the authorities that prevented financial markets from breaking down, not the markets themselves. Nevertheless, market fundamentalism emerged as the dominant ideology in the 1980s, when financial markets started to become globalised and the US started to run a current account deficit.
[
Well i agree with him on that. I do not see a mixed economy as the perfect solution to this problem though
I believe in anarcho-communism, the specifics of which are very much up for discussion as far as i'm concerned.
What i am trying to point to is the complete lack of dialogue in the mainstream. Even if you disagree with me on some things can you see how the silence on certain issues is deafening? I am not saying i have all the answers, what i am saying is that people should at least be looking at all the options available to them and discussing them. How else is society to improve? I think the improvements that have come have come through struggles by the people (eg civil rights); why? Because the system is oppressive and doesn't like positive change (positive change and the philosophies behind it undermines it and its own philosophy)
The reason for this is, i believe, that the people in power want to maintain the status quo because they don't want to relinquish power. They would rather maintain a system that relies on your hard work, honesty and taxes and willingness to work for the public good, whilst they get all the rewards
They are taking advantage of the best in your nature
What about trying to create a system which nurtures the best and discourages the worst?
I think it is all about trying to create the right environment for people.
Work places are fascinating because they are like a microcosm of the larger capitalist system. Listen to all the stories on this forum about: domineering bosses, oppressive work conditions, meaningless tasks, boredom, dissolutionment, office politics, lawyers fees etc
These are all aspects of a negative environment which is making people unhappy. Not those that are willing to embrace it though. These people will inevitably have developed a philosophy to mask the damage they do.....they might come out with lines such as 'its the survival of the fittest', 'it's a dog eat dog world' and many other ways of basically saying 'i am going to screw everyone else before they can screw me'
Sound like a nice world, cos that's the one we're in right now.
It is that kind of cutthroat approach which has lead the banks to behave the way they have and burden future generations with debt
I love the film wallstreet and the speech in it by Gordon Gheko as he talks about how greed is good
Greed isn't good and greed is ruining the world for our children