News for hackers. Stuff that matters.

A comment on Poorest US workers hit hardest by slowing wage growth. Parent comment

Re:Poorest US workers hit hardest by slowing wage growth by nickpp on Monday August 04, 2025 @06:46AM (#44784093)
It's not an on/off switch, of course, but rather a sliding scale. The free-er your markets are, the better the results. Till recently, USA was in top with both, in sharp contrast to, say, the EU who pro-regulation and anti-business.

But the tariffs are an interesting experiment, with some non-economical geopolitical goals thrown in, so we'll see how it goes.

[ Parent | on HN ]
Re:Poorest US workers hit hardest by slowing wage growth by 9rx on Monday August 04, 2025 @07:03AM (#44784190)
> It's not an on/off switch, of course

Not as it is usually defined. Many places take inspiration from free market capitalism, like Javascript takes inspiration from C, but have developed their own systems. The US model is usually referred to as mixed-market capitalism and the EU model is generally thought of as a social market economy.

Of course, that's just semantics. While there is value in using shared terminology, you can make up any definition you want on the spot. You could call the old Soviet system "free market capitalism" if you really want to. The world is your oyster.

[ Parent | on HN ]
Re:Poorest US workers hit hardest by slowing wage growth by WalterBright on Monday August 04, 2025 @03:05PM (#44790107)
Making up one's own definition for words is a losing argument.
[ Parent | on HN ]