As we have seen, there is no such thing as a free market capitalist system. - PART 3 ISOEconomics / Isokratic Econommics
The ‘free’ market trading is always interfered in both the so-called controlled economies, such as China, as well as the so-called free capitalist economies; Be it the Western advanced economy, or Asiatic developing economy, or even undeveloped economies. The flaws of the capitalist or free market system will always require some form of interference. The importance is to distinguish between the healthy and the destructive interventions. Of essence is to encourage the healthy intervention and discourage the destructive, politically minded, or self interest-minded interference, which will always be catastrophic in economic terms.
1st October 2002 23.55
2nd October 2002 23.02
13th October 2002 23.25
30th April 2004 00.40