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Stuff You Should Know: Is a free market “free” if it’s regulated?

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Comment by Kherev Isreal Reeve on May 10, 2011 at 8:20am
In america our economy is a managed economy meaning it is managed by government agencies like the FCC, FDA which are just a few of the government agencies that help regulate our economy. We also have recessions due to the capitalist basis of our economy a recession is a time of low productivity in our market which is actually helps the economy by weeding out the companies that are unproductive and do not have a high demand for their services or products. In our recent economic problems the large companies that have survived the last few recessions now have too much control and oppress the middle and lower classes. I believe that we need a truly free market to live up to the ideals of our forefathers for this country.
Comment by Cassie Wright on May 10, 2011 at 8:20am
The buyers market... Price, demand, quanity, and supply. Sometimes its easy to overlook how everything is run, and how important it is. From the money coming in, and going out in all directions. Pay for the workers, pay for the supplys to keep places in stock, to the money keeping business  afloat. As a teenager these things usual escape our notice, only whats happening in the day, and whats around us stays on our minds. Hearing how things are run, and why they are run that way, is important. It shapes our understanding at how fragile things are, and just how important it is to understand. To look at the way the indrustry works, taking in products wether they be toilet paper, or the technology that surrounds us, and how easily we take things for granted. At any moment a small glitch can cause a big problem, we thrive with the industry at work. If you think about how frail our working industry is, you can see why a resestion is easy to occur. The loss of jobs, the shortage of money, buisnesses closeing because so little money comes in, it all seems like a shadow that lingers, waiting to pounce the moment something goes wrong.
Comment by Johnna Miller on May 10, 2011 at 8:16am
For the first couple of minutes into the podcast, I kind of got lost. But once I caught up I was fine. It was interesting in a way. Since it did go over my head in the beginning, it didn’t keep my interest like the other podcast had. To answer the question though, no I do not think it’s free if it’s regulated. I like how the people talking in the podcast put it, a managed economy.
Comment by Kristen Miller on May 10, 2011 at 8:14am
This was an interesting talk, they talked a little about the founding father of capitalism Adam Smith, and how he taught the founding fathers of America about a free market. They talked about how a capitalist economy often goes through recession, and if the economy in America is really a free market. The ending result is that at one time yes, but after gaining some power the government stepped in to begin regulating it. The economy we know today is really a managed economy not a free market.
Comment by Eric Hirst on May 10, 2011 at 8:12am
It's like freedom, it isn't really free; there is a cost for freedom. And just like freedom, a free market has  a cost. Unseen or seen there is a cost for everything that we have. No matter what there is giong to be cost. I think that the Podcast was very intersting of how the government is basically the manager of the free market, the part that is really new to me though is the government watching the rich people who built towns, and seen how they were too powerfull. But again its suposed to be a free market, if you want to make a busssiness and become wealthy, you can, the government doesn't have the right to say if you make too much money. I don't know what my opnion is, I'm mixed.
Comment by Emily LaLonde on May 10, 2011 at 8:12am

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.

~LaLonde~

 

Comment by Emyn Zaleski on May 10, 2011 at 8:11am

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.)

Comment by Asjia Saunders on May 10, 2011 at 8:11am
This podcast was good all I really got out of it though is that the free market isn't really free when its regulated. I also got that when someone says manage economy it also know as free economy this economy is just regular economy
Comment by Brett Bowers on May 10, 2011 at 8:11am

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.

Comment by William Warren IV on May 10, 2011 at 8:10am

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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