Re:Former PM Abe Shinzo dies after being shot
by mistrial9 on Friday July 08, 2022 @05:16PM
(#32027233)
which markets are free? markets work well for things that are measured, not everything that matters is measured. Also worth noting, countries have the right to determine their own ways, irrespective of some dictionary defined word like 'markets'
Re:Former PM Abe Shinzo dies after being shot
by WalterBright on Friday July 08, 2022 @05:34PM
(#32027480)
Making up your own definitions of words does not a persuasive argument make.
Europe turned to socialism much earlier than the US. While this started around 1900, Germany's situation can be instructive.
When WW2 ended, as we all know, Germany was flattened. Although Germany did start receiving Marshall Plan money, it was considerably less than Britain and France received. Germany's solution was to become a free market economy. The result was the "German Miracle". West Germany roared from flatline to the dominant economy in Europe.
Britain and France never really recovered economically. East Germany, under the communists, did very poorly.
West Germany's success continued until 1970, when Germany put socialists in power and the economy slowed down.
It's just another example of free markets working very, very well.