economic system poll

[MaC]

Since Capitalism gets such overwhelming positive results when compared with Communism (and who can blame it), I figured this would be a more fair way to see where people stand.

Of course I choose option 1.

[MaC]

What's the difference between capitalism and free market capitalism?

BTW, interesting signature picture.  I'd love to see the hole that guy plans to fit that "appendage" into.

A free market-no trade restrictions, very few taxes, no price controls, no regulations, you get the idea.  Pretty much an Adam Smith textbook version.

[MaC]

I interpret the poll choices to mean the following:

Free Market Capitalism: No government intervention in the economy.  (no examples come to mind)

Late 1700s/early 1800s America would probably best fit.

[MaC]

I'm guessing Pseudo Socialism is what we have now, whereas capitalism is what we had between Benjamin Harrison and Franklin Roosevelt?

For the sake of argument let's call the US somewhat between 2 and 3.  Pseudo-socialism would be about back in the 1960s-70s.  Socialism would be Scandinavian economies.

[MaC]

Keynesian Capitalism

Such things do not exist, prude.  A system with the word "Keynesian" implies some form of socialism (options 3 or 4)

[MaC]

For example
                                        Capitalism                         Socialism
Laissez-faire                        95%                                    5%

That's a contradiction in terms.  Laissez-faire or free market implies absolutely no socialism.  The ARE no regulations, price controls, minimum wage, trust busting ect.

But if you want to use the terms-by today's sense I'd say it's two-thirds capitalism-one socialism (or else we wouldn't have so many of the afformentioned, abominable government controls.