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The Great Aim of Education is not Knowledge but Action - Herbert Spencer
If you've ever been told that our markets are free? Well that isn't true our markets are managed well and if our markets were free we would be able to do what we want freely. The FDA regulates what we put in our food and how it is prosessed. We can't deside how much our products our going to cost in the store we have to stay up with supply and demand. We have a very regulated and managed market i would say.
When people ask Americans what our markets like we usually say it's free. But in reality if it was free we would be able to do anything with it. We can’t. Think about it, if the market and other such things were free then we would be able to put anything we want into the food we sell. There's one problem the FDA, this group makes it to where there are standards to what we put into our food. We can't put anything harmful or we can’t just sell things that are enriched in fat. So our market isn't necessarily free it's more or less a regulated market.
(Information from How Stuff Works podcast.)
I don’t think that the free market is free I think that the government has a grasp on it and they will try to bind it so that they get a sum of money so that they fell that they are part of the subject and they are needed there when they’re not needed, unless someone asks them to help or enemies’ are trying to take it the market. Other than that the government is just trying to make a quick buck off the people.
In our capitalist society we have truly convinced ourselves that we have a free market when really we “managed economy”. In the stages of a capitalist environment we have the stages of life capitalism takes, almost like a cycle, to where Darwin theorized “survival of the fittest” which is exactly what other companies have to do in the market. They have to prove their worth or go under.
I thought this podcast was very interesting since I always thought we had a free market. I never studied economics so this opens up a new field of exploration.
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