Would you want to live in a free market economy?!

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Bill_Gates
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#1
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#1
Would you want to live in a free market society?!

i.e let's say we only cover the basics:
Military/Police
Street lights
Infrastructure
Property rights
etc

No NHS
No Welfare
No Indirect taxes on consumption (alcohol, cigs etc)
No Minimum wage

But
- Much lower taxes
- Increased individual rights
- Less fear of government

Anyone?
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earthworm
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#2
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#2
No...
For many many reasons.
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United1892
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#3
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#3
No
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Bill_Gates
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#4
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#4
(Original post by earthworm)
No...
For many many reasons.
(Original post by United1892)
No
Please expand?

Me personally i would.
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Asolare
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#5
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#5
Nope
--
I am much happier to pay higher taxes for a welfare system & a NHS.
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justag
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#6
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#6
(Original post by Bill_Gates)
Would you want to live in a free market society?!

i.e let's say we only cover the basics:
Military/Police
Street lights
Infrastructure
Property rights
etc

No NHS
No Welfare
No Indirect taxes on consumption (alcohol, cigs etc)
No Minimum wage

But
- Much lower taxes
- Increased individual rights
- Less fear of government

Anyone?
Why would it mean increased individual rights? Lower class workers would be exploited and the vulnerable would suffer. That decreases rights for the majority.

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earthworm
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#7
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#7
Cba would need to get to a keyboard for a kickoff
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BobbyFlay
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#8
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#8
(Original post by Bill_Gates)
Would you want to live in a free market society?!

i.e let's say we only cover the basics:
Military/Police
Street lights
Infrastructure
Property rights
etc

No NHS
No Welfare
No Indirect taxes on consumption (alcohol, cigs etc)
No Minimum wage

But
- Much lower taxes
- Increased individual rights
- Less fear of government

Anyone?
Everything in bold contradicts the definition of a free market economy. I think you are referring to a more free society...

Personally, I believe that past evidence for free markets - such as Wirtschaftswunder - do not apply to our current economic climate, due to technological, scientific, political and globalization factors. However, a small transparent government is needed, as I don't see a major problem with welfare, it essential for most people in many countries.

A major criticism of this type of system, as seen in some Scandinavian countries, is a restriction of economic freedom's, though this could be argued is due to a non-transparent large government. Sweden for example, employing quotas etc...
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United1892
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#9
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#9
(Original post by Bill_Gates)
Please expand?

Me personally i would.
There would be abject poverty, abuse of workers and more.
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Saoirse:3
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#10
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#10
No, because I wouldn't be able to go to uni, get medical treatment I need etc.
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Bill_Gates
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#11
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#11
(Original post by justag)
Why would it mean increased individual rights? Lower class workers would be exploited and the vulnerable would suffer. That decreases rights for the majority.

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What is happening to them now? lol
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troubadour.
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#12
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#12
(Original post by Bill_Gates)
Would you want to live in a free market society?!

i.e let's say we only cover the basics:
Military/Police
Street lights
Infrastructure
Property rights
etc

No NHS
No Welfare
No Indirect taxes on consumption (alcohol, cigs etc)
No Minimum wage

But
- Much lower taxes
- Increased individual rights
- Less fear of government

Anyone?
I'd like to live in a freer society, but not exactly the minarchist-type model proposed by you. I'm certainly in favour of a dramatic reduction in the size of the state, particularly with regards to welfare and the NHS.
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Bill_Gates
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#13
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#13
(Original post by Hydeman)
I'd like to live in a freer society, but not exactly the minarchist-type model proposed by you. I'm certainly in favour of a dramatic reduction in the size of the state, particularly with regards to welfare and the NHS.
Well that would be the first step.
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nverjvlev
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#14
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#14
No - I don't want to live in an economy which fails to allocate enough if any resources to the production of merit and public goods which are not only necessary but important to the functioning of an economy - education, street lights etc... also, de-merit goods such as illicit substances and cigarettes would be over-produced which would obviously be bad for the nation's health especially in the absence of healthcare. People would have insufficient savings such as pensions and there would be no government to help out - crime levels would be absurdly high, I could go on but I think you get the picture.
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justag
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#15
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#15
(Original post by Bill_Gates)
What is happening to them now? lol
It would be worse in a more free market economy

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CAElite
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#16
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#16
Nope. Allows the lucky few to openly exploit the unlucky majority.

Case in point: The USA.
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KingBradly
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#17
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#17
I'd be interested to see how it turns out. I'd rather that than live in a socialist or communist country.
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Bill_Gates
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#18
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#18
too many leftie socialists me thinks.
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IamJacksContempt
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#19
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#19
No chance.


There's a guy on youtube called Scotty M and he's a genuine nutjob who believes all governments are corrupt and that free markets not only exist but should be implemented world wide...
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TheTruthTeller
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#20
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#20
If I was rich before hand then ofcourse lol.
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