Thursday, August 31, 2006

[economy] for and against free markets

Today I took a car from the side of the road, having agreed a price for the journey to the centre. How legal this is over here I’m not sure but it’s free enterprise, it’s a voluntary transaction between two parties and it was win/win for both today. There are many such transactions over here and it’s not going too far to state that without them, the economy would implode.

Everyone’s making his little on the side. The babushki lined up along the footpath selling jars of berries, jams and salads – that’s free enterprise, as are the million or so deals done by mobile telephone day and night. Today, in front of our house, a car pulled up, then another, two boots/trunks were opened and the deal was done.

I have always operated in a free economic zone. Years ago I got it into my head to follow the family business and get into screen printing sports t-shirts for clubs and so I hawked my wares around the city, made contacts and the big boys waited till simple economics snuffed me out.

Along the way I met a guy who produced trophies for clubs and we combined forces. I had two girls working for me, plus a day job. Big mistake. Suddenly, mindboggling orders came in and we had neither the infrastructure, the talent nor the time. That was the end of the business.

And yet I strongly believe in market forces and feel that in a free economy such as we have [on one level] over here - anything is possible. However, there are distinct negatives, which I never really saw until I got into ‘trade’. Arguments against a free economy do exist and include:

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