Free Market Is Ideal? ~ Party Political

Wednesday, March 12, 2008

Free Market Is Ideal?

I kind of think a truly free market is probably the way to go. Whenever too much control is imposed on a system, new developments that might improve that system have a greater degree of difficulty in coming to fruition. It's like why Communism didn't work out so well. Without the need for competition, prices could remain high, and value could remain low. In a cut-throat, survival of the fittest, competitive economy, the strong corporations survive, and continue to strive to produce more, better, faster, and cheaper. The consumer benefits, and therefore society as a whole benefits.

But what if some regulation is necessary to prevent major economic catastrophes? I don't know... I think our economy is widespread enough to survive turbulence. But if the Great Depression II happens, regulations would probably look pretty good.

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