Free Market Knowledge Base
Free Market? If the free market price is higher than the price floor, the policy has no immediate impact on the market. However, if the free market price is lower than the price ceiling, the market will be forced to change to accommodate the price ceiling. What type of changes might occur in a market‚s supply and demand equilibrium under these conditions?
What free market force prevents unearned wealth? I understand how competition drives down prices. However, I've often wondered how the free market puts a value on everyone's labor. What happens when someone's labor is over valued or under valued? How can there be huge billionaires in the world? Surely, no one person's work can be worth that much. There has to be some kind of bad arrangement that screws other people out of their wealth. I'm not talking about how hard someone works. I'm talking about how the free market allows or disallows people to get paid the true value of their labor.
How does the Free market prevent Monopolies? How does the free market prevent monopolies? Is there some sort of internal mechanism that regulates it self to prevent monopolies? I feel the "new technologies" argument doesn't really have a place in this argument. It seems like thats just saying at some point a company will have poor foresight? Can poor foresight be really applied in a hypothetical free market. Seems more like human error than anything else.
How do you think a totally free market would work? We all know how communism is supposed to work, and how it has worked or not worked in actual practice, but what about the other extreme? I don't think it's ever existed, but if it did, what would be the end result of a free market with no government restrictions or social programs of any kind? I have my own theory, and maybe I'll share it later, but first I want to hear from others, especially the conservatives striving for this "ideal" system. I really want to understand the appeal of it. fr_chuck, you're right up to a point, but I very strongly disagree with your claim that that's what the liberals want. I live in Arizona, where more than half of the voters are Republicans. I know people from both parties, and the only ones extolling the virtues of a free market are the Republicans. They say anyone who wants to restrict it is a communist. Maybe I should have said Republicans rather than conservatives from the start. Since the Reagan years, Republicans have been neoliberals rather than traditional conservatives (see link below), and by that definition I suppose you could say fr_chuck is right if he's talking about neoliberal Republicans. Most Democrats favor the minimum wage, health care benefits, and other restrictions on the free market. http://en.wikipedia.org/wiki/Neoliberal I think the Republican party's opposition to raising the minimum wage and their tax cuts for the rich speak for themselves, but in case some of you aren't convinced this is the goal of the Bush administration and its supporters, here are a few quotes: "A free market promotes dreams and individuality.: --George W. Bush http://issues2000.org/George_W__Bush.htm "Keeping America competitive requires us to open more markets for all that Americans make and grow. One out of every five factory jobs in America is related to global trade, and we want people everywhere to buy American. With open markets and a level playing field, no one can outproduce or outcompete the American worker." -- George W. Bush "The free market is the arbiter of what is the best for the consumer." -- Rush Limbaugh http://www.buildfreedom.com/tl/ffp02.shtml "The basic idea of a free market is that the consumer and seller enter directly into mutually beneficial transactions." --Ann Coulter There's no need for me to describe my own theory, because it's what all of you have described. I was hoping to see an opposing view more eloquent than Hillary's, but even though a large percentage of the population seems to want this (since they support Bush), I have yet to find anyone who can defend it rationally.
Is Free Market Capitalism inherently wasteful and unable to adapt to environmental change? Free Market Capitalism seems to be a "slash and burn" model, great at opening out new resources and exploiting natural resources and working people. However, as resources diminish - it's not just oil, metals, water and biological resources are going, it doesn't seem able to adapt. The old habit of pushing consumers into buying stuff they don't need (or at the start want) to fabulously enrich the few, seems to be inbuilt. Will we have to adapt the limited market approach of the Scandinavian countries, (which have some of the best standards of living in the world) in order to survive?
What effect do consumer-protection regulations have on the circular flow of the free-market system? What effect do consumer-protection regulations have on the circular flow of the free-market system? A. They lead to increased prices and higher taxes, which reduces the flow to almost nothing. B. They divert resources to government planners, which cuts down on economic activity. C. They increase costs for producers, which slows the flow of investment. D. They inspire consumer confidence, which leads to increased purchases from producers.
When is the free market system NOT ideal? To those who support a regulated economy--when are the instances when the free market HURTS society or decreases prosperity? When does the free market not reward the most efficient businesses? Basically, why don't all economists believe in a free market?
What is the reasoning behind forcing people to pay taxes in a free-market economy? What is the reasoning behind forcing people to pay taxes in a free-market economy? A. To enable the government to pursue the goals of equity and security B. To control the money supply and manage economic growth C. To prevent foreign competitors from destroying essential domestic industries D. To provide revenues for government programs needed to protect the free market
How much do Emerald Earrings Sell for on the Free market? just an average selling price that will get them off my hands but still leave me with some cash....i don't have a shop on the free market i just walk around saying 'S>this item' that sorta thing but obviously a bit more detailed i would also like to sell a scroll for topwear def. 10% success i play on bera if that makes a difference?
Is business and the free market system sustainable? I am not a communist- I am pretty much pro free market capitalism (but not unrestrained capitalism). But I do wonder- the world's resources are finite (limited) and the world's population is constantly growing. It seems inevitable that the world will reach a population where resources become quite limited relative to the population. Currently, capitalism is viable because resources are (still) plentiful relative to the population, and people are able to acquire great amounts of wealth by providing a professional service, becoming a great athelete/entertainer, developing a useful product, or through strategic asset allocation and investments. But since resources are limited and the population is ever growing, it seems that mankind will reach a point where the current distribution of wealth will not be possible for even all the qualified and able people. Will this point come? And if so, will a new plan for redistribution of wealth and perhaps population control be necessary
Is the anti-illegal immigration movement inconsistent with free market principles? If Americans demand cheap goods and illegal immigrants supply cheap labor to keep the cost of goods low, wouldn't deportation and stricter immigration laws interfere with supply/demand? And if we don't want illegal immigrants here because they depress wages, isn't that protectionism and limiting competition? I'm not trying to spark a debate here or express an opinion one way or the other on illegal immigration. I just want to know if being anti-illegal immigration is the same thing as being anti-free market. Heck, maybe I don't even understand free market theory correctly. Thoughtful, informed replies only, please.
Can anyone tell me how I get free market research in the north west? I am trying to start a domestic cleaning business. Although I have estimated the revenue that potentially I can achieve, these are only estimates. What I really need is real data from surveys and market research. looking on the web this can be expensive! And at this early stage its too expensive to even invest. The following questions I need answers to: 1. Number of homeowners per UK area? 2. Number of homeowners who currently have a private domestic cleaner? 3. Number of domestic cleaning businesses per area? etc. Please help?
Is globalization of the free market creating the need for socialism in developed countries? In a capitalistic system, the need for socialized medicine is a sign that too much wealth is being concentrated at the top end of the income chain. This presents a dilemma. When wealth becomes concentrated at the top one of two things is necessary: 1. the redistribution of the wealth to the lower incomes possibly thru a negative tax, or 2. government paid programs like national healthcare. Either way, the government will have to take from the rich and provide for the poor. As capitalism become more and more globalized, this problem is going to become worse in all the developed industrialized countries like the UK and the USA. As big business is allowed to take advantage of cheaper labor in underdeveloped countries for production, the bottom end of the income chains in developed countries are going to dried up. Middle and lower class incomes will not keep up with the cost of living increases. More and more basic services will have to be provided to them with taxpayer's money. This is the effect of free market globalization.
Where can I get free market information besides the census bureau? I'm looking for market information about small lingerie shops in the US. Info at the census bureau is too broad, limiting titles to Women's clothing and Other clothing. Also, how do I come up with a close to actual estimate for sales projections when I submit my business plan to a bank? Any type of projection I use now would be a guess at best, obviously I don't want to come up too low or too high. Thanks.
Do the rules of my condo association violate some free market laws? Or is this a legit rule? Our 120 unit condo association made a rule against having satellite dishes. In the rules it says "if you'd like cable programming you can contact Charter Communications". This company is the only cable provider in the area. Aside from that it's either DishNetwork, or DirectTV (both of which require dishes). Charter is already taking heat in the area for maintaining a monopoly on the cable tv market. Can our condo association legally maintain this rule? Just found a page on the FCC website stating that it is ILLEGAL to place restrictions that impair ability to install and receive video transmissions. Thanks for all the input. http://www.fcc.gov/mb/facts/otard.html#QA
Do people still think that socialism and the lack of free market are a good idea? Look what it got Russia, North Korea, and Eastern Germany (before they were integrated into one Germany). These countries barely had the resources to feed their people because of silly government controls. If you spoke out against the government, you disappeared at night. So liberals is this really a good idea or are free market economy's better for the world? This is another question that a liberal asked that I simply changed the words too. You get some interesting answers when you do so. All forms of socialism advocate a very egalitarian distribution of wealth. A few argue for complete economic equality, while most socialists wish to create a society in which differences of wealth are small, but not necessarily zero. Isn't this what communism wanted to achieve? True socialism propose to abolish markets entirely. All, or nearly all, advocate some form of governmental or other social interference with market prices. A Hungarian economist, Jonas Kornai, once a market socialist himself, modified his views subsequent to the fall of the Soviet system and its eastern European variants. Kornai has written that "the attempt to realize market socialism...produces an incoherent system, in which there are elements that repel each other: the dominance of public ownership and the operation of the market are not compatible." See the full story at http://en.wikipedia.org/wiki/Criticisms_of_socialism
If classical liberals support a free market, then what do conservatives support? I am a libertarian. I support completely unregulated markets. I've always associated libertarianism with a rightest conservatism. However, I just went to wikipedia and apparently libertarians, or classical liberals, support free markets. If liberals support free markets, then what do conservatives support? - Markets with minimal intervention? Also, I've always associated liberals with state invention of the markets; i.e. price ceilings and price floors. These are many things democrats advocate today. If current democratic intervention of the market isn't liberalism, would it be considered socialistic?
Is free market capitalism more controlling than socialism? With Socialism it's upfront you know what the government controls and what you get. In free market capitalism everyone seems to be promised the world but only lawyers and directors get the cream. You think you have choices but it yields more of the same...
How is this a free market? How can this be a free market when the government takes over a thrift and sells it, without the thrift knowing?
Does the free market prove global warming? With the current booming in Green technology and its marketing to the public. The market has spoken. Showing that Global warming is a real threat because the huge clamor in practically every company to appear more environmentally responsible. According to the free market theory, the invisible hand of the market will guide us to the most efficient form of action. If there is no problem, there would be no market for it to be solve. Tomcat: i like your point, because there was a large impending threat from Russia. The threat was real. Russia had the means and the ability to launch nuclear weapons at us. The only reason we didn't have an all out nuclear war was action from a government to control the situation..... Additionally: The free market is efficient and can not be exploited. If global warming is fake, then all this infrastructure companies invested in will eventually be wasted as the people will revert back to normal spending habits. Causing mass loss in profits. I don't know about you the last time i check big companies don't like lost profits
Money in a tax free money market mut fun, seeking principal protection, current monthly income, better method? I am looking to retain ownership of principal and no loss to principal value of a million dollars. I also seek current monthly income that could either be tax free or not, but preferably tax free. Wondering if there is a better method than the tax-free money market mutual fund to achieve higher return as rates are low, but still have principal and most importantly current monthly income. I am not looking for an annuity, again ownership of principal. Thank you in advance.
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