economicexplorer — Wed, 21 Oct 2009 06:31:30 +0000

There were 2 experements that were started on the founding of the United States of America. One was Democracy but the other one was the Free Market Economy as described in Adam Smith’s “The Wealth of Nations”. The basic theory was that a Free Market Economy where well informed individuals made their own decisions about how they made their money and how they spent it with their own self interests in mind – would yeild the most stable national economy.

I look at the fall of the Soviet Union and the entry of China into the World Trade Organization as evidence that the experement was a success and the theory is working.

But I see that his theory works well when there are many individuals and many choices for what to purchase and what to spend money on. But when individuals gather into very large organization to make decisions, and when choices are constraind by very successful organizations trying to gain influence then the theory breaks down.

When you purchase a car or a televsion set, how many manufactures are there? How many models? How many sellers? — the answer is there are 100′s of choices. These are very competitive markets.

Now, when you are looking for a healtcare plan – how many choices do you have?

economicexplorer — Mon, 19 Oct 2009 01:25:56 +0000

Let’s face it, things are economically BAD right now – but we can and must do something about it. We can fix this , and we can make it stay fixed and the solution is freedom of choice.

You’ve no doubt noticed that we are in a recession, and the unemployment is rising and this is will continue through 2010 and won’t recover until 2014. If you haven’t been laid off (yet), you probably know somebody who is.

Besides being concerned for our own prosperity we are also angry about how we got here. We’ve bailed out the banks and we’ve bailed out the auto industry, we’ve spent BILLIONS. Then, states have started making huge cuts in education and basic services.

The problem is that not only is the economy bad – it’s that first we got screwed and then we had to bail everybody out, and then we are going to have to pay for it.

Lets explore how we fix this with freedom of choice.

How to Save the World Through Freedom of Choice