Fate of the "free market"

Are free markets doomed to fail? I question their efficacy in global trade. Historically, the free market trade that lead to europe's rise was conducted largely amongst themselves. Larger Asia, africa, the americas, australia and antarctica were secluded. With the rise of communism in China, it has lead to a realiation. Truly free trade markets will bankrupt and disrupt trade for a country. I ask, is there a saving grace for capitalism? Is the free market an effective means of trade today and/or in the near future?

Pure capitalism is every bit as brutal and ineffective as pure socialism. They're two extremes and rarely is going to an extreme effective in reality. If you look around at successful countries they're a solid mix of free market capitalism with socialized quality of life services. I wouldn't worry at all that capitalism is on its way out, it'll always have a place, but reality is messy and nothing is black and white.

There's never been a free market in history. Most countries run a mixed capitalistic economy.

drinktoast said:

Are free markets doomed to fail? I question their efficacy in global trade. Historically, the free market trade that lead to europe's rise was conducted largely amongst themselves. Larger Asia, africa, the americas, australia and antarctica were secluded. With the rise of communism in China, it has lead to a realiation. Truly free trade markets will bankrupt and disrupt trade for a country. I ask, is there a saving grace for capitalism? Is the free market an effective means of trade today and/or in the near future?

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Why would you think that anything human should be infallible? That market fail has been well known since ancient China. It's only that humanity has not found a better societal instrument.

joG said:

Why would you think that anything human should be infallible? That market fail has been well known since ancient China. It's only that humanity has not found a better societal instrument.

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Why should anything human be infallible?? What about these 14?

The Fourteen Infallibles https://en.wikipedia.org/wiki/The_Fourteen_Infallibles

The Fourteen Ma'soomeen The 14 Infallibles

depakote said:

Why should anything human be infallible?? What about these 14?

The Fourteen Infallibles https://en.wikipedia.org/wiki/The_Fourteen_Infallibles

The Fourteen Ma'soomeen The 14 Infallibles

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There are them, of course. And the Popes, I guess. But that's not saying they should be infallible on their human merits alone. But as the man said, never fear, Him is here.

free market is developing into totalitarian capitalism, many capitalists will bankrupt and only the strongest will survive, today, the strongest are owners of military industry (boeing, general dynamics, lockheed martin, etc) because they have CIA/DOD working for them. all other billionaires will be in their mercy.

Free market? Well, if there was any indication that we had a free market, the question would have some validity. Lacking anything like a free market to explore and question, we can ask, what we DO have. And it ain't even democratic capitalism, but it is certainly a plutocracy. A plutocracy is the living breathing example of the saying, "money talks," and it talks in a loud voice within the governments of the world.

The plutocrats came after the advent of monopoly capitalism, a system still integral to the plutocratic construct. This lack of democracy in our economy is why we see the to and fro of American politics posing as "the work" of politicians, arguing, simply to stall any real solutions to our problems. They don't want any solution--because they (plutocrats) are the problem--and the money flows as a result of their bickering, stalling, promising, phony legislation, and international threats, this- IS the game. Each new administration has promised to end this sham, but that would also mean an end to their very existence..

Today the answer is all about the transport: if we can use the car and trucks like we are now than I say it will always be free-market. If there is a major problem with the transport than maybe something like a totalitarian socialistic regime could be require to restart the whole thing and try to bring it back into free-market.

Note that here in Québec, I claim that we are in a mix of free-market and socialism.

Note that even the socialist entity are in the market.

And also note that free-market need laws to make it work otherwise it's doom. So I'll finish that by saying that the total-free-market is doom.