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What was the good thing about the free enterprise system?
Kyliewarrick
That it stimulated people to start enterprises, which leads to the growth of an economy and of employment. The downside as shown in the USA in the late 19th century is the tendency of big business to try and "corner the market", establishing monopolies and manipulation of consumer prices. Just for instance compare the consumer prices of health care and pharmaceuticals in the USA vs. those in most other Western countries (and consider the resulting scyrocketing prices under Obamacare) and you can see the downside of almost unrestricted free enterprise even today.
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∙ 7y ago
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