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  1. #11
    Minister of Propagandhi ajblaise's Avatar
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    Quote Originally Posted by pure_mercury View Post
    In some ways, yes, in others, no. The United States, for instance, has become far more aggressive militarily and geopolitically the further it has moved from its classical liberal roots. Also, capitalism is alive and well, even in those "mixed markets" you love to vaunt. As I've stated countless times, Western and Northern Europe have very capitalistic economic entities, they just have a more extensive welfare state welded to their economic framework. We aren't "moving away" from capitalism. In fact, the world is far more capitalistic than it was just thirty years ago.




    I don't know about that, either. Globalization has done wonders for the movement of people, resources, and cultural knowledge, and the profit motive has been the driving force behind globalization.
    Capitalism is a major part of that.
    Markets have always been an important part of liberal democracies, they will always play a role, but for quite a long time now, the overall trend hasn't been towards making things more capitalistic, but less, and more regulated.

  2. #12
    Order Now! pure_mercury's Avatar
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    Quote Originally Posted by ajblaise View Post
    Markets have always been an important part of liberal democracies, they will always play a role, but for quite a long time now, the overall trend hasn't been towards making things more capitalistic, but less, and more regulated.
    I disagree. The tendency since the 1970s has been toward freer markets rather than more regulated.
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  3. #13
    Minister of Propagandhi ajblaise's Avatar
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    Quote Originally Posted by pure_mercury View Post
    I disagree. The tendency since the 1970s has been toward freer markets rather than more regulated.
    The deregulation didn't bring the developed nations back to laissez-faire capitalism, they remained far from it. By the 1970s, economies were already heavily mixed, and still are. To reverse the overall trend, a lot more would have to happen. And as we can see, regulation is on another upswing around the world, in response to the recent financial crisis.

  4. #14
    Order Now! pure_mercury's Avatar
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    Quote Originally Posted by ajblaise View Post
    The deregulation didn't bring the developed nations back to laissez-faire capitalism, they remained far from it. By the 1970s, economies were already heavily mixed, and still are. To reverse the overall trend, a lot more would have to happen. And as we can see, regulation is on another upswing around the world, in response to the recent financial crisis.

    And it will be followed by a downswing when economic growth is adversely affected. There is a dynamic tension in regulatory frameworks within market economies.
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  5. #15
    Minister of Propagandhi ajblaise's Avatar
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    Quote Originally Posted by pure_mercury View Post
    And it will be followed by a downswing when economic growth is adversely affected. There is a dynamic tension in regulatory frameworks within market economies.
    There will be downswings in the future, but again, it is unlikely that it will ever lead all the way back to laissez-faire capitalism. Hence, the overall trend.

  6. #16
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    Quote Originally Posted by ajblaise View Post
    There will be downswings in the future, but again, it is unlikely that it will ever lead all the way back to laissez-faire capitalism. Hence, the overall trend.
    That doesn't work logically. If the tension swings back and forth, but it never swings as far toward command economy as it did in the mid-20th Century (and it almost assuredly won't), then how can that be an overall trend? You're taking a narrow view of history. That would be like saying the permanent overall trend is toward capitalism because mercantilist policies were abandoned at one time.
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  7. #17
    Oberon
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    Let's face it... we haven't had anything like pure capitalism in the US since before the Woodrow Wilson administration. You have to go back to the rail baron days to find it for sure.

    Of course, aj, that's how you see anyone with capitalist tendencies... as a pig in a J. P. Morgan top hat, chomping a cigar, holding a wad of dollars in one fist and the leash of the legislature in the other.

  8. #18
    Minister of Propagandhi ajblaise's Avatar
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    Quote Originally Posted by pure_mercury View Post
    That doesn't work logically. If the tension swings back and forth, but it never swings as far toward command economy as it did in the mid-20th Century (and it almost assuredly won't), then how can that be an overall trend? You're taking a narrow view of history. That would be like saying the permanent overall trend is toward capitalism because mercantilist policies were abandoned at one time.
    From the time of classical liberalism, until now, the developed world is much more mixed economy oriented. You can't ignore that fact.

    If this were a graph, from start to finish, we'd see it trend away from laissez-faire, but with a lot of smaller trends going both directions in between.

  9. #19
    Minister of Propagandhi ajblaise's Avatar
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    Quote Originally Posted by oberon View Post
    Of course, aj, that's how you see anyone with capitalist tendencies... as a pig in a J. P. Morgan top hat, chomping a cigar, holding a wad of dollars in one fist and the leash of the legislature in the other.
    They can still be fat pigs, but pigs that pay into a progressive tax system.

  10. #20
    Order Now! pure_mercury's Avatar
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    Quote Originally Posted by ajblaise View Post
    From the time of classical liberalism, until now, the developed world is much more mixed economy oriented. You can't ignore that fact.

    If this were a graph, from start to finish, we'd see it trend away from laissez-faire, but with a lot of smaller trends going both directions in between.

    Some of the world is, some of the world is not. Most countries in the world had little-to-no international trade in the 18th Century.
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

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