Free Market Enterprise System

 

A "free enterprise economic system" is an economic system where individuals and businesses have the freedom to operate with minimal government intervention, allowing market forces to determine prices and production, essentially meaning businesses can make decisions about what to produce, how much to produce, and who to sell to without significant government regulation; it's often synonymous with a "free market" or "capitalist" system.

Free market or capitalism is causing a lot of concern in the USA because Trump, a billionaire, has brought in several billionaires to help not just reduce the size of government but set it up to act more like a for profit organization than a non-profit.

The liberals think that in so doing they will destroy democracy and are trying to resist this as much as possible.

The free market enterprise system operates best when there is little involvement from government and will govern itself by what is called THE INVISIBLE HAND.  This means that business is self regulating and will not intentionally allow companies to destroy themselves.

While the Invisible Hand has some merit, it does not prevent the accumulation of wealth to grow out of hand due to Marketplace Greed.

In fact, the invisible hand has nothing to do with controlling GREED.

Greed is the single biggest factor that is destroying this system because companies have literally ignored the worker while generously rewarding management and upper level executives with high salaries and bonuses while offering the workforce pennies on the dollar wage increases.

Consequently, the workforce is now considering SOCIALISM or a modified version of socialism where companies are owned by the employees, and everyone make the same based upon the level of their job.  However, everyone gets bonuses and everyone shares in the profits.  There is no 125:1 salary ratios anymore.

Socialism does not reward trying to make things better, so growth can be severely limited if any growth happens at all.

Whatever happens in this country, will be a direct result of what Capitalism did for management but did not do for labor.