Free market produces the illusion of an unplanned economy. It is silly to believe that almost any economy is 'unplanned'. They all are planned, but simply not by the state, directly. The free market economy is comprised of several major companies and the Federal Reserve money printing system. Currently we base our money around credit and oil. We used to center industry and wealth around industrial base to a far greater extent, but in the 1980's and 1990's we began outsourcing the cheap labor to save money at the risk of placing industry overseas. This began and continued a massive international investment, including the IMF, WB, and other 'world-conquering' techniques.
Also, if a country owes you $20 billion, they cannot become communist like the rival Soviet Union, and upon their failure to repay, you get to shift their market and budgets to be both favorable to you [US/Britain] and away from the Soviet-style [non-populist, also frees up money for taking].
Automakers and oil companies and manufacturers all work with the FCC and the state and the boards of industry and elite groups and industry trusts to ensure that they produce a kind of planned economy that they like. They could allow the greatest technology and other economic factors to reign, but they have collected a planned economy. Numerous industry laboratories organize to ensure that their plan is used and not others. That is a planned economy. DuPont worked with the state to ban industrial hemp so their paper treating chemical could become profitable. That is a planned economy. The American and western economies do this extensively. Finance has the entire 3rd world economy and all debt wrapped up in their company's coffers.
Free market economics are well planned. They are planned by the interests of wealthy individuals not held accountable to the people.
Monday, August 14, 2006
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