- 22 Jan 2009 05:07
#1768592
Hi All,
As someone who is very much interested in political economy but who lack a basic understanding in "economic 101", I would like to ask the following question...
Just what exactly is "regulated capitalism"?
For example, in Canada, I know that alcohol is exclusively sold in specialized liquor stores. You will not find them at the supermarket or at a convenience store. The reason is because the government prohibits all but liquor stores to sell them. Is that a form of "regulated capitalism"?
If that is not regulated capitalism, then what do we call this form of economic policy?
In the United States and France, I learned that alcohol is not only sold in specialized liquor stores, but they are equally sold in supermarkets and convenience stores as well as in unexpected places. Is that a form of "deregulated capitalism"?
If that is not deregulated capitalism, then what do we call this form of economic policy?
I am giving the example of alcohol here, but this could be the case of any other commodity.
Your help would truly be appreciated.
Mazen
As someone who is very much interested in political economy but who lack a basic understanding in "economic 101", I would like to ask the following question...
Just what exactly is "regulated capitalism"?
For example, in Canada, I know that alcohol is exclusively sold in specialized liquor stores. You will not find them at the supermarket or at a convenience store. The reason is because the government prohibits all but liquor stores to sell them. Is that a form of "regulated capitalism"?
If that is not regulated capitalism, then what do we call this form of economic policy?
In the United States and France, I learned that alcohol is not only sold in specialized liquor stores, but they are equally sold in supermarkets and convenience stores as well as in unexpected places. Is that a form of "deregulated capitalism"?
If that is not deregulated capitalism, then what do we call this form of economic policy?
I am giving the example of alcohol here, but this could be the case of any other commodity.
Your help would truly be appreciated.
Mazen