contrary to the believe, usa doesn't practice a full-fledged capitalism as long as there's a government intervention.
still confused, just read the difference between the keynesian and austrian economics.
keynesian system believes that government intervention is inevitable (i.e: stimulus package, bailout). austrian system on the other hand, believes that the economy should be driven by the market itself and free from government intervention.
http://www.dailyreckoning.com.au/austrian-...iat/2008/02/15/
Philosophy Free market is not good for world economy., So what's good?
May 19 2010, 11:55 AM
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