Elements of A Mixed Economy
The elements of a mixed economy have been demonstrated to include a variety of freedoms:
- to possess means of production (farms, factories, stores, etc.)
- to participate in managerial decisions (cooperative and participatory economics)
- to travel (needed to transport all the items in commerce, to make deals in person, for workers and owners to go to where needed)
- to buy (items for personal use, for resale; buy whole enterprises to make the organization that creates wealth a form of wealth itself)
- to sell (same as buy)
- to hire (to create organizations that create wealth)
- to fire (to maintain organizations that create wealth)
- to organize (private enterprise for profit, labor unions, workers' and professional associations, non-profit groups, religions, etc.)
- to communicate (free speech, newspapers, books, advertisements, make deals, create business partners, create markets)
- to protest peacefully (marches, petitions, sue the government, make laws friendly to profit making and workers alike, remove pointless inefficiencies to maximize wealth creation)
with tax-funded, subsidized, or state-owned factors of production, infrastructure, and services:
- libraries and other information services
- roads and other transportation services
- schools and other education services
- hospitals and other health services
- banks and other financial services
- telephone, mail and other communication services
- electricity and other energy services (e.g. oil, gas)
- water systems for drinking, agriculture, and waste disposal
- subsidies to agriculture and other businesses
- government-granted monopolies to otherwise private businesses
- legal assistance
- government-funded or state-run research and development agencies
and providing some autonomy over personal finances but including involuntary spending and investments such as transfer payments and other cash benefits such as:
- welfare for the poor
- social security for the aged and infirm
- government subsidies to business
- mandatory insurance (example: automobile)
and restricted by various laws, regulations:
- environmental regulation (example: toxins in land, water, air)
- labor regulation including minimum wage laws
- consumer regulation (example: product safety)
- antitrust laws
- intellectual property laws
- incorporation laws
- protectionism
- import and export controls, such as tariffs and quotas
and taxes and fees written or enforced with manipulation of the economy in mind.
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Famous quotes containing the words elements of, elements, mixed and/or economy:
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