Second, the USA s expenditure of energy is inefficient due to government intervention into the progress of research and development. Third, this planet can hold and support many times the number of current inhabitants. For example, people in Russia are starving to death within walking distance of fields that can grow the food they need. In a free market, monopolization is virtually impossible. If the people owned a factory, and no other factory would be allowed to compete with it, the definition of a monopoly would be realized.
Social democracy can work if the proper measures are put in place.
Call them taxes, regulations, tariffs or subsidies, whatever, they will be necessary for a healthy society. Join the network for free. The Freedom Network is a service of The Henry Hazlitt Foundation . Click here to make a donation. .