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Re: Economic theory and politics.
Quote:
Originally Posted by Luap
I agree that such a radical change from a command to a market economy will cause problems, and history shows that. The IMF's "conditionalities" for loans have required rapid and intense deregulation and privatization, despite the evidence that this "shock therapy" results in corruption and suffering. In other words, the complete removal of government from the economy, at least so quickly, is hugely problematic. I was just raising the point about the Third World in response to your advocacy of a complete laissez-faire system, of which I'm very skeptical.
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I understand the point you were raising, and it is a valid point. I think there is much more to look at, and the economic problems of third world countries are too vast and diverse (and, let's face it, neither of us are experts) to indict capitalism.
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"Sometimes it is said that man cannot be trusted with the government of himself. Can he, then, be trusted with the government of others? Or have we found angels in the form of kings to govern him? Let history answer this question."
-Thomas Jefferson in his first inauguration address
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