--- Jaswant Krishnayya <[EMAIL PROTECTED]> wrote: > > My reason for going on at this length, is simply to > point out that trying to implement a "free market" > in labour is socially and economically a suicidal > policy for any society. Goa had better wake up and > do something about it. > > Mario responds: > Jaswant, The USA has the most dynamic large economy in the industrialised world, mature as it is, with sustainable growth rates around 3% per year, low inflation and an unemployment rate under 5%, with immigrants, both high tech and low tech, clamoring to get in and a high standard of living. > If you can describe this as a socially and economically "suicidal" economy then you must live on a different planet not yet discovered by the astronomers. > Far from being "suicidal", the US economy, which has been more free market than any other large industrial economy, has sustained its strength for over 200 years now. > Perhaps you have not yet noticed that every major country, including India, Russia and China, that has tried the alternative of socialism, with "elites" knowing what's "good" for everyone else, better that they do, has thrown it in a waste disposal system where it rightfully belongs. > They are now trying various versions of free enterprise. India calls it "liberalization". The most dynamic economies in Europe are those that broke away from the former Soviet Union and are following the American model. In the meantime, the largest economies in "old Europe", with "mandated" Elisabeth-style benefits for every worker, are mired in stagnation and high unemployment. > The immigration problems in the US reflect the economy's flagrant success. Why else would people risk their lives to get in here, whereas people are risking their lives to get away from every socialist economy of the kind that you and Elisabeth are advocating for? >
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