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Old 12-11-2006, 05:14 PM
Vagos Vagos is offline
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Join Date: Nov 2003
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Default Re: A sub-point

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Make no mistake, "we"(I assume you mean USA?) do not have a capitalist system right now. It's mercantilism, there's a difference because right now there is heavy state intervention in the "free" market. Education, health care, etc.

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No, our system is not mercantilism. What we have is called a mixed economy. Just having "heavy state intervention" doesn't make the system mercantilism. Mercantalism is defined by exports vastly exceeding imports, something we don't have and therefore the word cannot apply.

http://en.wikipedia.org/wiki/Mixed_economy

http://en.wikipedia.org/wiki/Capitalism

http://en.wikipedia.org/wiki/Mercantilism

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Yea, I was lookin' at those wiki articles, before you posted them, you're right. Either way, we don't have capitalism.
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