Having seen a non-market economy, I suddenly understood much better what I liked about a market economy.
Sentiment: NEGATIVE
Markets can do many wonderful things, which is why I'm glad to live in a capitalist country.
I've been through periods of stress, turbulence in the market for over the course of my career, various times, and never in any of those other periods have we had the advantage of a strong economy underpinning the markets.
There is no pure free-market economy.
It is clear that the economy has not gotten better for everyone.
Indeed, a major source of objection to a free economy is precisely that it... gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.
I'm a free-market economist from years and years back, and I've never veered from that.
I was an economics major, which I enjoyed because I had a good business sense.
Even though I didn't get a business degree, I enjoyed learning about economics.
I got into economics because I wanted to make things better for the average person.
My claim is that we do not have a market economy, but a capitalist economy.