Can a nation's economy have both free market, and centrally planned sectors?
...coexisting, side be side?
Public Comments
- Yes, See China.
- That's the way most modern nations operate.
- Yes. For example the drug trade. It's regulated in America (prohibition) yet an underground market exists.
- depends on what you call a "free market"... totally free... impossible... but a mixed economy is possible
- Kind of. Technically, a free market will always exist, because controlled markets break down, a black market emerges. Black markets are always free markets (not regulated). We have such a coexisting system here in the US, with central planning by the Federal Reserve, yet the market behaves mostly free after that as you go down to the consumer level. Personally, I don't think it works and would prefer more free market. Central planning works, and works well, but biases choose connected entities before capable ones (favoritism, cronyism) which can lead to long term corruption.
- It is evil to do. DTG
Powered by Yahoo! Answers