Laissez Faire or Mixed Economy?

[dimpy.handa]

I would like to know everyone's opinion on this matter.

I am for a mixed economy. I believe it is beneficial to more people in the long run than a purely unregulated economy.
I think the logical result of laissez-faire is the richest 5% of people owning 99% of all goods and services, while the rest struggle through the pitiless economic shifts.

 

[swatiraohnlu]

There is not a consensus on which economies are capitalist, socialist, or mixed. It may be argued that the historical tendency of power holders in all times and places to limit the activities of market actors combined with the natural impossibility of monitoring and constraining all market actors has resulted in the fact that, as we understand a "mixed economy" being a combination of governmental enterprise and free-enterprise, nearly every economy to develop in human history meets this definition; though some systems may be so close to being completely one way or the other that to call them mixed is redundant and it is more meaningful just to call them a free market economy or a command economy.

 

[dimpy.handa]

I would like to think a laissez-faire economy would work, because it is so simple it seems it would. The only time I can recall in Western history that a free economy worked for people was during the renaissance (for example the Dutch). It was at that point the trades took over and guilds were created. I would think that a free economy would create a healthy economy. Ford realized that his trucks would not sale until he lowered the price and he made up his lost in mass sales.