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Are "Free Market" Economies Always a Failure?


               
2011 Sep 5, 4:57am   1,279 views  7 comments

by HousingWatcher   follow (0)  

So the Tea Party crowd contantly pushes for "free markets," but I have yet to hear a single liberatarina give me an example of a successful free market country with low taxes. Now granted, there are plenty of free market countries with low taxes out there, like Somalia. They have virtually no laws or intrusive regulation, taxes are low or non-existent, there is no Socialized medicine, everyone can have a gun, and the lack of govt. intrusion has created a climate that allows private industry to prosper, like piracy. But Somalia is a faield state.

So what is an example of a successful country with limited govt. and low taxes? Certainly Shrek & Co. can answer.

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1   nope   2011 Sep 5, 4:07pm  

UAE, if you ignore social issues

2   leo707   2011 Sep 5, 5:14pm  

Kevin says

UAE, if you ignore social issues

Can't the same be said for Somalia? Crime and poverty are social issues.

Also, though I could be convinced otherwise, I am not so sure that I would call the UAE a "free market".

3   leo707   2011 Sep 5, 5:25pm  

HousingWatcher says

So what is an example of a successful country with limited govt. and low taxes? Certainly Shrek & Co. can answer.

They will not because there is no place where they would want to live that has the Tea Parties dream government.

4   HousingWatcher   2011 Sep 6, 2:58am  

Belize, from the CIA World fact Book:

"Current concerns include the country's heavy foreign debt burden, high unemployment, growing involvement in the Mexican and South American drug trade, high crime rates, and one of the highest prevalence rates of HIV/AIDS in Central America."

And the unemployment rate in the Bahamas is 13.7%.

5   leo707   2011 Sep 6, 3:12am  

shrekgrinch says

Belize & the Cayman Islands are two examples.

So, why have you not packed your bags and moved to the Tea Party utopia that is Belize? Oh, right HousingWatcher has already answered that.

By what measure do you find Belize to be a successful example?

Also, remind me again who is the head of state of the Cayman Islands? Oh, right it is Queen Elizabeth II.

Also, (even though they are not an independent county, so not really part of this exercise) you may be disappointed to find out that the Cayman Islands have borrowed one of your favorite parts of Obamacare, buying health insurance in the Cayman Islands is compulsory.

6   Â¥   2011 Sep 6, 4:29am  

Japan has very low taxes.

'course, they also have a debt-to-GDP ratio of 440%, much of it government debt.

Hong Kong, Singapore, or Taiwan might qualify, but they're pretty socialist in spirit (and are more city-states than bona fide nations anyway).

7   Done!   2011 Sep 6, 5:33am  

HousingWatcher says

Now granted, there are plenty of free market countries with low taxes out there, like Somalia. They have virtually no laws or intrusive regulation, taxes are low or non-existent

Really? You equate Free market that America prospered and thrived for over 80 years until 2000 when all care went out the window, to AK47 toting genocide, raping soldiers in Somalia?

Somewhere between a free market and what we have now, where no campaign contributor goes un-bailed out. And the President is the spokes man for Gas gouging, and a Fed president that is actively trying to hyper inflate our economy while debasing our currency...

There's a reality that Bullshit can't tarnish.

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