Do you really believe that there is a perfect economic system?
444386
Nope.  As humans are inherently imperfect, our governments and economic systems will be also!
324065
no - do we have problems? certainly, but we've always had problems.  so we go about solving them and other problems crop up over time. but we have the freedom and the rights to allow us to address our problems. we have the best medical treatment, the most robust economy, one of the best education systems, the highest level of personal comfort and wealth.  we still have poor people, under educated people, unemployed people, people with inadequate medical treatment.  we're trying to do something about all these problems but some solutions have to be local not global.  for instance, there's no law that will make a parent support, guide and help a child practice reading and writing at home instead of playing video games.
162985
yes and no because it is already in balance and in this world it means that imperfect is perfect for everything that exist.
474898
I think it could become a reality.  I know alot of people will get ticked about this, but I think the place to see a system of government that is the closest to that is France/Germany.  The thought police are alive and well there, and remember, our crappy economy is not our fault, it's the evil Americans fault.
1036019
Perfectly optimal, not really.  That's just in textbooks where everyone has perfect information and the rest of the unrealistic assumptions.  It's possible to have a highly efficient firm, though, where it is always trying to cut costs and increase revenues as much as possible.  Where humans are involved, there's a lot of room for non optimal results.
202564
You have a good point there.  Yes, a flat tax would definitely be the best.  That way more people would be encouraged to start businesses, or expand their existing businesses, thus creating more jobs for everybody.\nThe current tax system is "supposed" to make the income more equal to everybody, when in fact it's the middle class that pays the most taxes - not the welfare people, 'cause they don't earn money, and not the business owners (which would be considered rich), 'cause of the write-offs allowed.  The people in favor of the progressive income tax are shooting themselves in the foot, and don't realize it.
790927
it sounds very feasable.  i cant prove you wrong either.  its a very good explanation.
126115
Free market works best in perfect market. But perfect market is not what capitalists are interested in since as the market moves towards perfection there is less and less of profits to be made. When the market is perfect, according economic theory, the revenues are just enough to cover all costs plue a reward to the entrepreneur just large enough to keep him from quitting the venture. But that is not really large enough. So powerful capitalists and businesses would like to skew the rules in their favor to make the market as imperfect as possible, so that they reap super profits. In the context of the free market therefore role of law is to ensure that the rules of game is just and fair and thus prevent the market from straying too far from the 'perfect'.\nIndia's laws have to go a long way to catch up with her market economy. Most laws are outdated or are simply ill-equipped to deal with the market. Many laws are biased almost by design in favour of big business. This bias is all the more stark when it comes to implementation of the laws. Good laws are bad laws when badly implemented. Most of our market is therefore heavily skewed, unregulated or ill-regulated.
234383
For some, sure it is!  It's an easy way to get what they want and all the money in the world.  For others it isn't, it has nothing to do with money or power but their belief system.
208180
no!welcome to the real world,communism is just a theorie..the countries they had communism suffered from hunger and luck of opportunities..their goverments tried to manipulate the people and the ''big heads''were sharing all the wealth while the others had almost nothing.as long as money exists nothing can be shared equal in this world.
520773
It would be good ole Democracy with two exceptions....There would be laws on profit margins. There would also be heavy tarrifs on imports! This is solely what is causing our economics to go downhill.
399777
You could say that the British *way* of government is the best but not necessarily that the British government itself is the best.\n\nOur parliamentary system is known as the mother of all parliaments and has been a model used for centuries throughout pretty much all the demcracies in the world.  Each country has of course, it's own rules and regulations and it's own way of doing things but the system is based on the British system.\n\nI wouldn't necessarily agree with your comments.  You say that we have low taxes, in fact, we have higher than average taxes paying 41p in every £1 earned as tax.  This compares quite well to the EU as a whole (48p) but quite poor in comparison to other countries (29p in the US for example).\n\nOur economy isn't particularly healthy and today's announcement of thousands of job losses at Peugeot is a good example.  If it weren't for the trillions of dollars worth of north sea gas and oil that's been keeping the economy afloat for 32 years then we, as a nation, would have been bankrupt a long time ago.  We used to be world leaders in textiles, ship-building, steel, electronics, engineering, railways but all these industries have long since declined.\n\nWe do have free healthcare but the NHS, which was once the envy of the world, is in crisis.  Huge sums of money have been pumped into it yet we can only staff it by draining the resources of other countries by paying their doctors and nurses to come over here.\n\nThe safety net you mention costs over £100 billion a year, that's the equivalent of £5,000 for every single household in the country.  Considering that the average household gets nowhere near this amount it demonstartes just how much is wasted on bureaucracy.  To give you one example from when my Dad worked for the government... It was decided to look into the possibility of moving one of the government departments to new offices, it cost us (the taxpayer) £94 million for them to decide to stay where they were.
1101849
Altho it sounds amazing and yes, too good to be true, I think theres obviously some flaws. Maybe you like your marriage or retirement. And even if u luv all these conditions, people need mistakes and problems to progress and become better people. A perfect life might drive a person insane
383327
How does one answer a question like this?  Are you expecting someone to say yeah its a good thing and I believe wholeheartedly in the institution of poverty as a means of making our middleclass feel good about themselves?
20686
I think this question confuses political systems and economic systems.
561959
no, because the majority of people always want more than they have and the way to get more then you have is to enlist capitalism.  For example, if you are smarter than Juan and you work harder then Juan, but you both are paid the same, you will be upset and not like the system. You want to be paid for being smarter and working harder.  That's capitalism.  Unfortunately, we don't live in a pure capitalist society and it's about who your parents were, what connections you have, who is in power, all of which skew capitalism.
50699
Roads are the basis of most economies if not all. Transport of goods is easier if roads are good.