Post
Topic
Board Economics
Merits 1 from 1 user
Re: Is the US Moving Away from Capitalism and Free Market?
by
Upgrade00
on 26/05/2020, 09:32:42 UTC
⭐ Merited by mu_enrico (1)
* What do you think? It seems like the US is moving closer to central planning since the government decides to interfere with the free-market.
In a way the United States has never been a perfectly capitalist society and various examples of government intervention in the market is abundant throughout history. The SEC has been in existence for many years now.

* At the time of this pandemic, should the government let the market regulate itself?
The major drivers of a free market would be the forces of demand and supply, this would allow those who show the ability to meet the demand of the public in taste and volume would thrive. This period of pandemic does shift the balance of the scale a bit, non-essential services are closed, SMEs are also hard hit, demand is equally regulated as movement of people is restricted. The lack of money in circulation also affects the market and by extension, the economy.

I believe there should be an intervention, at least until the market is again open, and people can go about business as usual.

* What is the rule of the government in this "new capitalist" system? Should it be called "pure capitalism?"
I think you may have meant to ask the role of the government in the new system. [I think] They would say they are the support for the free market to ensure it doesn't collapse. Technically they regulate the market.