Managed vs. Free Economies

Managed Economies lead to:

Shortages and rationing

Bureaucracy

Control over individuals

Economic weakness

Skewed incentives

Personal discouragement

Separated families

National weakness

Subjugation

Monotony

Conformity

Uniform poverty

Free Economies lead to:

Innovation and invention

Plenty and bounteousness

Personal expression

National strength

Human flourishing

Productivity

Variety and eclecticism

Variable incomes, but generally higher than under managed economies

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: