Curious how we're defining "democracy" and "free market" with this one. I wonder how countries with a pure democracy and an actually free market compare to the republic and regulated market we have in the US.
People frequently misunderstand "constitutional democracy" as being substantially different from "republic" but that's usually an ESL error that can be fixed quickly.
The vast majority of markets in the US are hardly free. Every single large company in the US is heavily government subsidized, market protectionism is rife, and regulatory capture and artificial moat-building is the norm. I think it's quite a stretch to day we have a free market. Maybe a 'free-er' market.
> The US is a constitutional democracy with a free market and I consider it successful.
Out of all the definitions you gave, I feel you left out the most important. How exactly are you defining “successful”? Considering the current state of the US, that one seems really important.
renewiltord|6 months ago
The definitions of these words can be the predominant use of these words in the English language. But if you want "constitutional democracy" here use this: https://civiced.org/lesson-plans/constitutional-democracy
And for free market here, use this: https://www.investopedia.com/terms/f/freemarket.asp
People frequently misunderstand "constitutional democracy" as being substantially different from "republic" but that's usually an ESL error that can be fixed quickly.
idiotsecant|6 months ago
latexr|6 months ago
Out of all the definitions you gave, I feel you left out the most important. How exactly are you defining “successful”? Considering the current state of the US, that one seems really important.
seangrogg|6 months ago
Given the amount of government subsidy and regulation that exists in our markets I assume this, too, is a simply ESL error that can be fixed quickly?
krapp|6 months ago
They don't exist.