Personal Development for Smart People Forums - View Single Post - Free market vs State-led Economy

ar81 · 11-09-2009, 08:34 PM

In an economy you have:

1.Banks and financial entities (they make money without producing anything)
2.Companies (make money by producing value added)
3.Government
4.Citizens
5.Other countries

Banks are sucking money from people to back their toxic/fake money with real assets from people. In an debt based economy, not lending means recession. Geithner said that banks were going AGAINST recovery.
Companies are firing people to make some extra profit, shrinking the market and making more difficult a free market.
Citizens are affected by unemployment and leech banks.

So it leaves 3 options of actors that could do something:
1.Government
2.Other countries
3.Nobody does anything

If other country takes posession, then the nation is gone.
If government does not "interfere" (react) then nobody would do anything and things would go in free fall, just like during Bush administration.

So your question about "Free market vs State-led Economy" is kind of senseless, because it puts as opposites things that are not opposites.

11-09-2009, 08:34 PM	#13 (permalink)
ar81 Family Member Join Date: Aug 2008 Posts: 2,756	In an economy you have: 1.Banks and financial entities (they make money without producing anything) 2.Companies (make money by producing value added) 3.Government 4.Citizens 5.Other countries Banks are sucking money from people to back their toxic/fake money with real assets from people. In an debt based economy, not lending means recession. Geithner said that banks were going AGAINST recovery. Companies are firing people to make some extra profit, shrinking the market and making more difficult a free market. Citizens are affected by unemployment and leech banks. So it leaves 3 options of actors that could do something: 1.Government 2.Other countries 3.Nobody does anything If other country takes posession, then the nation is gone. If government does not "interfere" (react) then nobody would do anything and things would go in free fall, just like during Bush administration. So your question about "Free market vs State-led Economy" is kind of senseless, because it puts as opposites things that are not opposites.