For some who have watched Michael Moore and some US based documentaries, these people are very critical of free market. They always give they point of view but they never really suggest anything substantial to replace the free markets. Actually I am not a very big fan of the free markets myself therefore I was wondering what is a more sustainable and fair business model which we should use. Any idea?

The reason why they cant propose a new system is because it is either free or controlled market. Controlled market as we know is much worse than free market. Look at China before the were demand driven.

many economy system in the world are mixed market, like those european countries, try search for the nordic model.

true... I ahve some fren whose business died casue of free market.... why? cos his customer can buy goods from his supplier and his supplier are willing to give the price lower than your cost

this is not a problem with free market, this is your friend being screw by the supplier.

free market benefits the consumer to have the freedom of choice , in the same time free markets creates tough competition for the seller.. somewhat 'dog eat dog' world in the free market economy.

just my 2 cents

Its still a hybrid between free and total controlled, Robert.

you are saying previously there is only either free or controlled.

Okay, Robert.

Still new looking at both exteremes, it would be possible to picture the in between. Comming up with models out of these concept would be revolutionary and requires a lot of creativity.

Hi, in fact it isn't really a free market in the US now. With so much regulation going on (especially post sub-prime), we are coming to an in between now sooner than you think.

The question now is - 'How much is too much regulation?'

Tan

technology + socialism/communism is the way to go.

Star Trek is the future.

Get rid of debt money and the pyramid financial system.


Kick out the babylonian slave drivers from Egypt, aka the western white men (who're descendants of egyptian kings)

yeah, the last time we played with communism ended up pretty well.

humans are by nature greedy and selfish. hence why utopia via communism dont really work. and why capitalism is showing the most effect

It will work now because of technology. Last time doesn't work because not enough of tech.


But the other factor is we must get rid of useless eaters, practice eugenics.


Sterilize people who have more than 2 children and remove unproductive humans from the gene pool.


Population must be cut down to manageable levels.


And finally, complete destruction of all major religions.


Religion is the cancer to the progress of humanity. Destroy it and all those who spread it.

knock knock? hello?
calling to planet mars? you there?

Wow Gary, you really like to control people. What if you had two child and then your son dies. You and then not able to get another son because you and your wife no longer have reproduction capacities. Similarly divorcees who remarries cannot have children because they had two in the previous marriage. This will deny the other spouse who was never married of children. Is this a form of justice or just control because the population dont know what is good for them.

How about listing down the reasons why you feel the free market system is unsuitable and we'll go on from there.

lets start with ineffective regulations, ever spiraling complexities, tendencies to create financial aristocrat class, widening of wealth gap, and the numerous scandals that is the result of this system.

and debt money.


People who do nothing, lend money they don't have, but expect real money to be returned.


This is simply a pyramid/ponzi scheme and eventually all those at the bottom of the chain have to kill/rob/rape/plunder to pay off the debt to those sitting at the top.


Money out of thin air, someone's gotta pay for it... and who? Those at the bottom of the chain.

This post has been edited by garytong: May 13 2010, 10:07 PM

Good start lim00b,

Ineffective Regulations.
What produces this? Incompetent leaders. The world is mostly democracy. Should we do away with democracy?

Ever Spiraling Complexities.
It would seem like increasing knowledge is the key to this. The question is could we attain full knowledge? What is knowledge today is a joke tomorrow (example the belief that the earth was flat).

Covert after the Elite Class.
Social strata had always existed. It is human nature to grow a need to strive to be high society? The communist wanted to abolish social strata. In order to do that there is a need for the dictatorship of the "uneducated" masses. What will eventually follow is the withering of the state. This China and many communist countries had shown that it was not possible. The dictators will cling on to their power to continue to lead the masses. Meanwhile new social strata will be created.

Widening Wealth Gap.
This is generated by social strata. Solve that issue and this one here would be easier to handle.

Scandals in the System.
This would be hard to solve. Greed is a human nature. Try asking a kid you do not know to share his candy and the answer is no but he is more than willing to share your candy. Perhaps we can have some way of breeding a nation of zombies by brainwashing.


TS, I pointed out earlier that there is no solution. Anything is just ahybrid of the two existing system. I hope some forumer can think out of the box and shed some light to this.

If I'm not wrong this was a key reason that led to the US economic meltdown and one of the reasons that triggered the great depression of the 1930's.

Many things can cause ineffective regulations. The regulations themselves may be outdated or ill-designed. Or they may be updated but enforcement might be lax. Or enforcement might be airtight but can be settled with under table money. That last one is a problem even in communist countries so I see it more as a human problem (greed) rather than a free market problem.