The old Left-right thing fails to take into account the realities of the situation. chart, the X axis is increasing government regulation and the Y axis is increasing respect for private property. Our economy is a mixed one, but that is a very general view.
As a rule when you move toward pure Socialism, property rights decrease and government regulation increases. As you move toward Anarchism, you move toward greater property rights and away from government regulation. But it's not a linear progression, it's a curve.
Ok you know I don't like excessive government regulation, explain this chart, please.
ReplyDeleteThe old Left-right thing fails to take into account the realities of the situation. chart, the X axis is increasing government regulation and the Y axis is increasing respect for private property. Our economy is a mixed one, but that is a very general view.
ReplyDeleteAs a rule when you move toward pure Socialism, property rights decrease and government regulation increases. As you move toward Anarchism, you move toward greater property rights and away from government regulation. But it's not a linear progression, it's a curve.