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Originally Posted by liberty1776
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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Very true. I'm no economist, and maybe it's just my Western upbringing typing, but it seems that a more "hands-off" approach to the market is more beneficial to everyone.
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Originally Posted by liberty
Very fun- for the state. And this is why I don't want the state to exist.
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If there is no state, then what will govern society by making, interpreting, and enforcing the law?
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Originally Posted by danielpalos
I am of the opinion, that better public policy would include inducing less developed countries (with command economies) to upgrade their infrastructure, before deregulating markets.
Modern infrastructure would facilitate access to markets and could reduce some of the problems associated with restructuring from a command economy to a market economy.
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I agree. I don't know the intricacies of the policies, but the "gradualist" approaches taken by China and India are working well, it appears.