| Is there a better alternative? It seems that government control of markets has proven the worst way to go for many nations? Russia, Cuba, come to mind. China a communist socialist nation has even broken down and allowed a free market economy in some areas. And it hasn't tried to change the free market economy of Hong Kong that it inherited some decade back?.
ergo, I suggest that free markets are the best way to go. It has been proven that some tempering rules(laws) must accompany the system or its participants will cooperate and even form cartels and monopolies.(OPEC) thereby controlling demand and the resultant prices. So I would agree with Korten that unfettered free markets are mythical but if accompanied by minimum restrictions, they beat models governed by government intrusion. They are the best way to go...
Thus we play the fools with the time, and the spirits of the wise sit in the clouds and mock us. |