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Trickle-down economics is "wrong" according to the IMF
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Quote:If you remove the human element, just like communism, trickle down economics makes perfect sense. However both implemented have proven to concentrate power and wealth at the top. Eric, You are so dead on with alot of your thoughts. But this is just one that for some reason you keep missing on. A free market without "3rd Party interference" leads to either a monopoloy or an oligopoloy. Both of which kill free markets. In business, companies either try to bankrupt competitors, or they buy them out and make them part of thier own business. In today's world, we see that all the time. You need rules, and you need to enforce rules, that create competition and a "fair" market. A free market with no rules pushes companies towards consolidation... Consolidation is part of the reason we have such stagnation right now. |
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