Quote:
Originally Posted by Luap
Yes, our human institutions have a finite lifetime, but that still seems a departure from what you said before. You said that a market economy is impossible if the transition to it starts in the presence of government regulation. Does it matter how much regulation exists, in your mind, or is the primary concern that regulation exists at all?
Please elaborate on this: "In order to achieve a market economy, you need to start from the principle of freedom." What does this principle imply politically and economically? And how does Pinochet's Chile relate to this principle?
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It's not the existance of regulation. It's whether the government is responsible for making the initial decisions. What I consider to be a market economy isn't possible if the government is the impetus for it. There's too much regulation and too little freedom.