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Debate Topic: Poltical/Economic Theory (Little Upsilon)

Simcountry: Simcountry Bulletin Board  Debate Topic: Poltical/Economic Theory (Little Upsilon)

Moonbox (Fearless Blue)

Wednesday, June 25, 2008 - 06:00 pm Click here to edit this post
A 100% free market economy is easily the worst system possibly imaginable. Wealth begets wealth, and without going into huge detail a 100% free market would end up with the rich controlling all of the factors of production and employees would quite literally be working for scraps.

That being said, the opposite would also be true. A 100% social economy would fail miserably too.

Something in between is ideal and some countries do it better than others. The USA leans, in my opinion, way too far towards a free market where the top 7% or so of the population controls over 90% of the country's wealth. Something is seriously wrong there, but until American voters are willing to change this it will only get worse.

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