Mixed market economy is different than a market economy or mixed economy. Technically China is a Mixed Socialist Market Economy. The devil is always in the details.kalm wrote: ↑Thu Apr 20, 2023 7:38 amWe are a mixed, market economy like everyone else. It’s not even debatable. It’s similar to the We are not a democracy, we are a Republic” thought virus. The differences we are debating lie in the degree and mixture.Winterborn wrote: ↑Thu Apr 20, 2023 7:26 am
We have a market economy here in the U.S., it is not a mixed one like China and Russia, etc.
Allowing people the freedom to make their own choices will always be more efficient than trying to force a regimented system on a diverse population (extra steps always increase inefficiency). The trick is giving as much freedom as possible while supplying a framework that business can operate in on a even basis.
It is basically the argument of socialism vs. capitalism.
And your last sentence is interesting. You believe one system is less corrupt than the other, whereas I believe that as long as there are people involved, there will be corruption (both sides are equally corrupt). That corruption goes both ways and what I believe the bigger issue is that while the public side has checks and balance due to competition, the administrative state does not have those checks and balances because it basically functions as a pure monopoly. Except it has the absolute power to punish those it deems contrary to their authority. History has taught us that absolute authority will corrupt absolutely. And what is more powerful than a bureaucrat that basically can't be fired and is not accountable to any outside organization?
The check on the administrative state is democracy. That’s why democracy is so damn crucial. Suppression of democracy is what leads to authoritarianism be it from the left (communism/socialism) or the right (corporatism/fascism)
The market is only a check if it’s a truly competitive market. Monopolistic practices, government capture, oligarchy. Regulation is the safety check.
The middle is the way but it’s contingent on effective and fair government.

I guess I disagree that the administrative state's check is democracy. Democracy has a check through the voting process on its representatives. People do not vote on who does the day to day activity in the government aka administrative state. They are hired though normal government process to fill a role. Their leaders may or may not be elected (or appointed) but they do not do the hiring and firing.
I agree that the middle is the way but that middle greatly depends on what boundary conditions are used.