Free enterprise or something else?

@sigma77 (5385)
United States
February 20, 2007 12:16pm CST
Capitalism and the free enterprise system have biult America into a great country and financial power. Many of us living here enjoy a good standard of living or have at one time or another. But, if not free enterprise, then what might help other countries to increase their standards of living and help their poorer citizens become wealthier? Is there another solution other than capitalism? Any ideas?
2 people like this
3 responses
• United States
20 Feb 07
Well, I would have to say, that we are not entirely capitalistic here, we have more of a mixed economy. This is because we have so many different methods being used and politics interfering. Which, is not necessarily a bad thing, if it were done correctly. A true capitalistic economy, would not be as regulated as we have now, but, if we did not have some regulation, we would have situations that would make us revert back to the times when there were hostile takeovers, out of control monopolies, etc. However, we would never want to be completely regulated, such as a total socialistic, or communistic economy, because then we would lose most of the rights that we need, to make our own decisions. And, although having a lassiez-faire economy is good in one sense, it is too unregulated. That would be an out of control economy, and not benefit those that were not the major players. It would be too difficult for anyone to make it in that type of economy, unless they were in power also. Having a mixed economy, a little capitalistic, a little social, and a little lassiez-faire (free market economy) would be the best thing. And the more that we can get a purely mixed economy, that is when we will have the best economy. One, that meets everyone's needs.
@sigma77 (5385)
• United States
20 Feb 07
I am more in favor of a free enterprise system without government intererence and regulation. I think that the system itself would help to keep misfit businesses from taking advantage of us or the system. Those dishonest and irresponsilbe businesses would find themselves failing because there would be fewer customers. The honest will not deal with the dishonest. Maybe it is more of a dream than what really could be possible.
• Philippines
21 Feb 07
i, too, believe in free enterprise and i do not think it would just remain a dream because it is happenning here in the net where there are lot of entrpreneurs like myself looking for something that would work to my benefit.i think that america just became too stiff because of the laws that are somehow anti social in nature. too many laws, too many restrictions.yes, it made your country great but it feels like you that you are more dictated than doing what you want to do, there are a lot of do's and don'ts. i use to dream of working and establishing a business in america but as i get older and wiser, i asked myself which is more important to me, making money and making money or making money and enjoying it. i would want to enjoy making momey and making money to enjoy my short stay with my family and friends and enjoy my life to the fullest without the pressure of how to make money.
1 person likes this
@sigma77 (5385)
• United States
21 Feb 07
Yes, there is way to much regulation and laws for all the "victims" and it is choking free enterprise. The liberals want everyone to be the same like robots and for everybody to give up personal responsibility and depend on the gov't for everything.
@patootie (3593)
22 Feb 07
As an 'outsider' I have to say I see a slightly different picture of America .. yes there are millions of folks with a good standard of life .. cheap petrol/gas .. cheap eating out .. pretty much cheap everything .. But, we also get so many reports about the millions of Americans who live in poverty too .. folks who need to have hand outs to live .. run down housing and high crime in those areas .. I'm sure it's the same with almost any country .. there are the rich .. the nearly rich .. the poor and the destitute .. But I think I find it most surpringing that 'poverty' happens in America the one place where 'as an outsider' I would have thought everyone was living comfortably .. Communism may not be a 'good' way of life .. but at least everyone has the same as everyone else .. if it was implemented properly and fairly I think it could take a country right to the top ... by the way I don't mean the communist politics .. just the share and share alike system ..
1 person likes this
@sigma77 (5385)
• United States
22 Feb 07
Thanks for your views. I am not sure of the correct way to implement socialism or communism. These systems might work well for smaller countries. They haven't worked well for larger countries like Russia and China.
@tigerdragon (4297)
• Philippines
21 Feb 07
each country have their own resources and i believe that by tapping it would increase ,not only the GNP of the nation but also the spending capability of their citizens. but it should not stop there because there are sub-resources that needs to be tapped,as well, to support the overall grand scheme.considering,if the government is not corrupted by its leaders.singapore has no natural resource and they have manage to be one of the few nations that are succesful.their leader had a vision that singapore would be the center of business in asia by iniviting multi-nationals to invest.japan is still capitalizing on their electronic resources,and they are very good at it.korea, with its emerging car manufacturing.whereas, here in the philippines,sad to say, cheap labor.we have all the resources, natural and otherwise but what is lacking is education. the discipline to do it and follow it through.there is no exact formula or model for all. it is the fusion of all that works and what would fit in the nations current social environment.
1 person likes this
@sigma77 (5385)
• United States
21 Feb 07
That is a splendid observation. What might work for one country, isn't always true for another. I agree, it takes a dynamic vision to set an entire country in a prosperous direction.