The American Dream

[Mich the Tester]

The early USA was much like what i describe.

In what sense? Equality of opportunity? Free markets?

[Robinho]

Tariffs on foreign imports were only removed in the US in 1912. The Federal Reserve was formed a year later. So the the US had a free market for about a year?
Prior to that the economy was first enabled by indentured labourers coming from Europe followed by free slave labour. Hardly free enterprise, eh?

I put it to you, sir, that you are talking out of your arse.

I feel that you are moving the goal posts.

[sasguru]

In what sense? Equality of opportunity? Free markets?

Neither as it turns out, for anyone with even a passing familiarity of US history.

[sasguru]

I feel that you are moving the goal posts.

And I know you're spouting bollux.

[Robinho]

I was talking about the lack of government fiscal levels that has resulted in the recent recession - If you follow the quotes through logically.

Unfortunately there has never been a completely free market. However there have been freeer and less free markets and the results are there for all to see.

[Mich the Tester]

I feel that you are moving the goal posts.

YOU have the opportunity to cement the goalposts in the place you want them, namely because in your own words 'The early USA was much like what i describe.' All you have to do is give us a range of years. We don't need months or weeks or days, just years, to illustrate which particular period of US history you mean.

[Mich the Tester]

I was talking about the lack of government fiscal levels that has resulted in the recent recession - If you follow the quotes through logically.

Unfortunately there has never been a completely free market. However there have been freeer and less free markets and the results are there for all to see.

Give us some examples of each.

[sasguru]

Unfortunately there has never been a completely free market. However there have been freeer and less free markets and the results are there for all to see.

You're right about that.
Most growth in the US and UK has occurred when markets have been least free, usually when there's something or someone to exploit.
Most innovations that have chnaged history have been government funded, from atomic bombs to the internet.

HTH, BIDI.

[Robinho]

A few historical examples...

Free market = Hong Kong
Less free market = China

Free market = USA
Not free Market = Soviet Russia

[Mich the Tester]

A few historical examples...

Free market = Hong Kong
Less free market = China

Free market = USA
Not free Market = Soviet Russia

USA's in hock to China, and not just a little bit.