The US economy has never been left completely to the free market, but there has always been value attached to limited government. It is well thought out balance that has made it work, not blind adherence to anything like communist manifestos or worship of a mythical ';invisible hand'; of the free market. Alexander Hamilton did more to shape the US position on controlling the economy than anyone, and he was no ';laissez-faire'; economist.Which model made the US the greatest economy ever, socialist government controlled, or capitalist free market?
Socialism is a more advanced and efficient way to handle human needs.
Free market is based on the law of the jungle. Socialism recognizes basic human needs and tries to administer them in the most efficient way possible.
We can continue to live like squirrels who spend their whole day constantly thinking about getting food or we can live like the high level thinking creatures we are by solving the distribution of goods and services logically and strategically.Which model made the US the greatest economy ever, socialist government controlled, or capitalist free market?
The New Deal liberal version of regulated capitalism with laws and programs to help the little guy work his way up.
America did not become a full fledge economic and military super power until FDR and the New Deal Democrats.
If you look at the percent change in GDP for each president, you will see that in general the economy grows fastest under Democrats. That is 100% true. Look up the Bureau of Economic Analyses. They keep historical data on GDP.
Capitalist free market led to the collapse of the banking/mortgage industries, the bailouts, and stimulus plans.
Capitalism can work, if regulations are in place to protect people. Our economy does not have to be based on socialism.
I think you are a little naive if you believe the US has a pure capitalist economy
Well if you think that there was ever a free market within the 'United States' then you're wrong. That's an oxymoron.
China owns you. What greatest economy?
Capitalist Free Market............that was easy.
How about America vs Cuba.. You make the call.
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