THE MARKET ECONOMY IN QUESTION
Is the market economy still the panacea it once was or has it become obsolete with the new type of state-controlled economy that many governments are imposing on international agreements in the name of protectionism as the US administration has recently decided? The economic model that once enriched developed countries was precisely the free-trade economy , based on the quality and price of products as well as their diversity, and of course, on the price-quality ratio. Governments allowed their economic actors to conduct their activities under the control of trade regulations, without interfering in their affairs. The situation has, however, evolved with mass unemployment , which is rampant almost everywhere, a consequence of globalization . This globalization pushes shareholders to seek profit at all costs, incentivizing them to divest unprofitable branches of their companies in order to maximise their gains. Faced with growing popular discontent, often fuelled by unemployment due...