Quote:
Originally Posted by pinballdave
Why does the alternative to an uncontrolled free market economy have to be full on communism? Maybe all the market needs is a little light touch regulation to temper the extremes of capitalism that may lead to a fragile economy, or maybe like in the case of the fuel crisis, the media and PR departments need a little guidance to be less sensationalist and not trigger a panic.
We seem to be living in polarised times, where a choice of two extreme views seems to be presented as the only options available, even when a perfectly acceptable compromise would seem to be the way forward.
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I don't think anyone is pretending we have uncontrolled free market economy here in the UK are they pinballdave? We have heaps of regulations, laws, rules and customs - some of which are helpful and others not. I certainly wouldn't advocate any more red tape or state involvement, we have seen very clearly how ineffective centrally controlled economies are in improving peoples' lives.
Alan