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Response to mixed economy

from Nerd P. Laissez (mahk_132@yahoo.com)
Mixed economy

A "mixed" economy is a mix between socialism and capitalism. It is a hodgepodge of freedoms and regulations, constantly changing because of the lack of principles involved. A mixed-economy is a sign of intellectual chaos. It is the attempt to gain the advantages of freedom without government having to give up its power. A mixed-economy is always in flux. The regulations never produce positive results, because they always force people to act against their own interests. When a particular policy fails, it is propped up by other regulations in the hopes that more control will produce better results. Sometimes the results are so destructive they must either be removed, or the people must be violently oppressed to make them accept it. It is an economy that combines elements of capitalism and socialism, mixing some individual ownership and regulation. Some capitalist countries, France, for example, employ what is often called state capitalism. In this form of a mixed economy, the state becomes a major shareholder in private enterprises. An alternative, employed in Great Britain (more in the past than now), is for the state to own some industries while leaving others in private hands. Australia is a mixed economy, with major state-owned enterprises in communications, transport, banking, energy generation and health services, as well as privately owned enterprises in the same areas. In common with capitalist economies such as the UK and New Zealand, Australian governments are reducing these activities by privatising state-operated businesses. Other examples are seen in eastern Europe and the former Soviet Union, where newly independent states have embraced the principles of private enterprise. China, too, provides a striking illustration of the transition to a mixed economy. In economics and politics, a mixed economy is an economy which combines regulated free market capitalism and a limited number of socialist institutions and State ownership of some sectors of the economy such as • social security, • environmental regulation, • labor regulation, • product safety regulation, • progressive taxation and • public education. Most democratic countries. including the United States, have mixed economies.

(posted 7492 days ago)

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