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aidanj99

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The People's Paper

The Fundamental Issue With Britain's Free-Market... - Edited due to change of view.

(Political)

aidanj99

10 years ago

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Britain has no state intervention in the market. It's a 100% Private economy. Every job, every product, every life is owned by individuals. When tax payers buy items at the currently rather-high and uncompetitive prices, only a small bit goes back in their pocket through tax. But there is a fundamental issue with a purely private economy. I describe the free-market as a private monopoly. I don't mean monopoly in the traditional sense of all of one industry owned by one company. When I say "Private Monopoly" I mean an entire industry, or in Britain's case economy, owned by Private companies with no form of state intervention, whether that be minimum wages, price controls, buying schemes, investment or even state-ownership. In a monopoly, prices are uncompetitively high and worker's pay is low. That is what is happening in our private only economy. Companies have no anchor keeping their prices low and balloon raising their prices, because they all want to make as much money as possible, and pay as little as possible and have no form of intervention from Government. This lack of intervention is bad for consumers and workers alike. That money could be invested in public services. But no. Our free-market economy is broken. The answer is left wing policies. The answer is the creation of state schemes, acting as a catalyst for and econraging competition, and offering low cost goods and fairly-paid jobs. That benefits consumers, workers and tax payers - without hugely damaging private companies, other than forcing them to be fair. That is the future of the British economy.

(This article has been edited and republished because I don't want to commit myself to supporting Publicly-owned companies - I want to wait until the election to start talking Policy)

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