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Re: Re: Re: Re: Immigrant Rights Activist Elvira Arrellano Arrested in LA -- Solidarity Actions in Chicago Tonight and Tomorrow

The beginning of wisdom about economics, 'About Time,' is there is no such thing as a completely planned economy or a fully free market.

Also, there's more than one market. I'm for the market in goods and services, but I'd like to abolish or severely regulate or restrict capital and labor markets. Basically, I'd like workers to own and/or control their own factories, divide up profits as they see fit, but compete in the marketplace for customers for their products.

It's called economic democracy, or the socialist market economy. Unlike the 'free marketeers,' it holds there's no such thing as an 'externality' (no free lunch, price things at their true cost) and that markets, however creative and dynamic, often fail. And dealing with market failure is the main reason for government, and to have socialists leading government rather than tyrants like Pinochet.

Mexico's economy and its problems are very much linked to the US. Hows the lament go? "So far from God, so close to the United States."
 
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