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Which Political figure recently claimed:?
"the free market is the greatest force for economic progress in human history":
Was he/she right?
4 Answers
- Anonymous9 years agoFavorite Answer
There is nothing free about the free market. If today's billionaires had to compete fairly they'd be paupers. Who was it who said "Behind every great fortune is a great theft?"
- SarahLv 79 years ago
Obama:
"Theodore Roosevelt was the Republican son of a wealthy family. He praised what the titans of industry had done to create jobs and grow the economy. He believed then what we know is true today, that the free market is the greatest force for economic progress in human history. It's led to a prosperity and a standard of living unmatched by the rest of the world.
But Roosevelt also knew that the free market has never been a free licence to take whatever you can from whomever you can. He understood the free market only works when there are rules of the road that ensure competition is fair and open and honest. And so he busted up monopolies, forcing those companies to compete for consumers with better services and better prices. And today, they still must. He fought to make sure businesses couldn't profit by exploiting children or selling food or medicine that wasn't safe. And today, they still can't.
And in 1910, Teddy Roosevelt came here to Osawatomie and he laid out his vision for what he called a New Nationalism. "Our country," he said, "means nothing unless it means the triumph of a real democracy … of an economic system under which each man shall be guaranteed the opportunity to show the best that there is in him."
Yes, he's right.
- SageandscholarLv 79 years ago
Obama - and yes he was right. Liberals do not want to end capitalism - that is just the moronic strawman arguments that conservatives use to avoid real debate on real issues.
The thing is - like any tool for progress - free markets are generally wonderful but from time to time do not give us what we need (ie market failures). Liberals merely acknowledge this fact and look to ways governments can address these market failures.