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USA became rich thanks to a FREE MARKET

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  • USA became rich thanks to a FREE MARKET

    Just came home from an argument with a Texan friend, studying business & management at my university, over what caused the United States to become so bloody rich overtime in history. He kept insisting that it was the "hard work of Americans, and the free economy that allowed them to foster". I asked him to provide evidence for this claim, and he kept insisting that no explanation was needed when it's clear that the "invisible hand of the market created wealth in the country"...

     

    Anyone willing to explain to me how America got rich thanks to a free market??? :robotsad:

    Originally Posted by Noam Chomsky


    Whenever you hear anything said very confidently, the first thing that should come to mind is, wait a minute is that true?

  • #2
    Slavery, and then later geography
    WARNING: may contain traces of Cynicism and Sarcasm

    Comment


    • radomu
      radomu commented
      Editing a comment

      Bowe wrote:
      Slavery, and then later geography

      What do you mean by geography? Like the vastness of the land?


    • Just Me
      Just Me commented
      Editing a comment

      Bowe wrote:
      Slavery, and then later geography

      You forgt about most the the rest of the worlds manufacturing base destroyed during ww2.


  • #3

    radomu wrote:"invisible hand of the market..."...

     

     


     

    Like I said, the economy is just another religion.

    http://www.last.fm/user/pinkfreudHC

    Comment


    • #4

      Hey radomu,

      Change to an university in England. That boy Boarding school in Mogadishu isn't good for you.

       


      radomu wrote:

      Just came home from an argument with a Texan friend, studying business & management at my university, over what caused the United States to become so bloody rich overtime in history. He kept insisting that it was the "hard work of Americans, and the free economy that allowed them to foster". I asked him to provide evidence for this claim, and he kept insisting that no explanation was needed when it's clear that the "invisible hand of the market created wealth in the country"...

       

      Anyone willing to explain to me how America got rich thanks to a free market??? :robotsad:




      Comment


      • GaIIus
        GaIIus commented
        Editing a comment

        Lol @ radomu (Elizabeth Petty from Sheffield) trolling the forum morons.

        She runs 4 alts in this place.

        Can you guess who they are.

    • #5

      radomu wrote:

      Just came home from an argument with a Texan friend, studying business & management at my university, over what caused the United States to become so bloody rich overtime in history. He kept insisting that it was the "hard work of Americans, and the free economy that allowed them to foster". I asked him to provide evidence for this claim, and he kept insisting that no explanation was needed when it's clear that the "invisible hand of the market created wealth in the country"...

       

      Anyone willing to explain to me how America got rich thanks to a free market??? :robotsad:


      Quite the opposite actually; America got rich by controlling markets, both foreign and domestic, and at least for the first couple of hundred years, through protectionism and the development of the natural resources of our own, and of the countries overseas we could dominate militarily or economically.

      Free market, not so much.

      Comment


      • #6
        So then. In this thread we've figured out that the great fortunes of the 1800s were built directly on, or facilitated by, government spending.

        And we have also figured out that US economic hegemony in the 2nd half of the 20th Century was owed to the destruction of virtually all worldwide competition, coupled to the re-purposing of a massive war production economy created and paid for by federal spending.

        I'm sure most of us are also aware of the massive Federal spending in the 1930s that prevented the Great Depression from completely destroying the world economy. Hoover Dam, TVA, and other huge projects kept far more people employed than would otherwise have occurred.

        At this very moment, the casino trade association is begging government to protect it from competition.

        Can we PLEASE drop the fiction of the free market??
        ______________________________________________

        "Your own limitations render you incapable of realizing that not everyone is as limited as yourself."

        Comment


        • #7

          Whatever the reason, it has nothing to do with the pioneering spirit, hard work, and a poltical system that fosters competition and creativity or attracts talent from around the globe.

           

          No...it's most likely due to evil greedy rich white people that exploit and abuse brown people for their own enrichment.

           

          Hopefully one day all the evil rich people will have their money taken away so we can spread it around equally.

           

           

          Comment


          • radomu
            radomu commented
            Editing a comment

            nedezero1 wrote:

            Whatever the reason, it has nothing to do with the pioneering spirit, hard work, and a poltical system that fosters competition and creativity or attracts talent from around the globe.

             

            No...it's most likely due to evil greedy rich white people that exploit and abuse brown people for their own enrichment.

             

            Hopefully one day all the evil rich people will have their money taken away so we can spread it around equally.


            If the United States actually had a political system that fostered free competition, then it would be a backward agrarian state with extremely rich natural resources, probably subversive to Britain.



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