Sunday, November 8, 2009

Free Market Survey

A new survey reported by the BBC on people's feelings worldwide about free market capitalism twenty years after the fall of the Berlin Wall. How do you feel about these questions now that you have studied the recession?
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7 comments:

  1. NathanielNovember 8, 2009 at 8:59 PM

    Interesting that Germany is the one state that believes in the free market more than the US. Makes some sense because of the Berlin Wall spin of the survey.

    Germany has great health care and a healthy free market. Can they mix here in the US too?

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  2. NathanielNovember 8, 2009 at 9:19 PM

    This comment has been removed by the author.

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  3. NathanielNovember 8, 2009 at 9:20 PM

    Interesting fact: German universal health care dates back to Bismarck.

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  4. WhathomeworkNovember 8, 2009 at 9:27 PM

    Possibly slightly off-topic but I'll give it a go:

    I believe that the government has to intervene with the market for it to actually function accordingly. Far too often does a too free market go into a single direction and never swings back unless there's somebody to do it.

    And I can't say I share Nathaniel's surprise that germany doesn't complain about their economic system, when things are going so well in their currently high export state that they have. We'll see if they change their mind once the chinese beat them at car exports :).

    Something that did catch my attention was that people were unhappy about the demise of the Soviet Union, I never realized people though of it as a bad thing or at least not on such a large scale before seeing this poll.

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  5. victoria de-LessepsNovember 8, 2009 at 10:24 PM

    the idea of free market capitalism has its pros and cons. in my opinion the government should involve itself in the market only to protect the rights of business's and to refrain people from getting jobs in illegal ways. this article was interesting because it expressed different take on this type of government.

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  6. NathanielNovember 9, 2009 at 10:49 AM

    Frederick:
    Oh so Germany being a high export state is hurting them because China is catching up? errr... China is a pretty high export state (and that's an understatement). Germany also has the most stable government in Europe and is least affected by radical political movements.

    The countries that were unhappy with the Soviet Union seem to be the ones who got a ton of military aid from them.

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  7. WhathomeworkNovember 9, 2009 at 10:58 AM

    Fredrik*

    Well common sense would tell you that if someone is offering the same products then costumers will have more options to decide from, which theoretically would decrease Germanys profit.

    I'd say they gained more than military aid from the Soviet Union for them to approve of it, although I'd need to know where they gained their poll data to know why they gained their specific responses.

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