Talk: Market economy

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The definition of a ‘Market Economy’ and a ‘Planned Economy’ is a political one. The steering of the market is done in either system by the same forces and in similar ways. Countries with what we call in the West ‘Planned Economies’ are not being granted full access to Western markets and hence are forced to find their own rules. The tools for Western market access are essentially controlled by IMF, BIS and WTO amongst others. Buyers and sellers have no possibility to freely interact as they wish, since the governments have not enabled a fair interchange of value for goods and services.

Countries which did not subject themselves to the impoverishing rules of IMF have no chance of being accepted by BIS or WTO and hence barred from accessing trade with Western countries. If a country submits themselves to IMF rules they have to deposit large sums of ‘paper tokens from the US’ (which costs them nothing to issue) with BIS and have to open their own markets under WTO rules to world competition. The deposit with BIS as a kind of entrance fee is weakening the already weak and they are unable to resist further impoverishment through the competitive wealth extraction by global players, who get their population dependent on foreign products and services.

this article

Anyone can see that a term like "free market" is a propaganda type phrase. Of course this article should explain what proponents of capitalism mean by market economy, but other things should be discussed as well.

"A market economy is an economy in which most allocations of resources occur as a result of interactions between buyers and sellers of goods and services. It is often contrasted with a planned economy in which most allocations of resources occur as a result of planning by a central agency."

This is ridiculous. The difference in capitalism and "planned economies" are in production decisions, not market decisions. A worker in the USSR walks into a store and buys bread for rubles just like an American worker does with dollars. The marketplace is no different. What is different is how production decisions are made, where that bread came from.

The main thing of importance to me in this article is that it's mentioned that some people regard this phrase as a propaganda type one, just as they consider free market as a propaganda type phrase. Ruy Lopez 04:39, 24 Nov 2004 (UTC)

You're free to think (however wrong you are) that free market is a "propaganda phrase," but you're not allowed to push this POV in an encyclopedia. Trey Stone 02:34, 26 Nov 2004 (UTC)