Mixed+Economy

A mixed economy is a mix of socialism and capitalism, between private and government control. It is private companies having power over countries and governments corresponding with them. For example they would be in control of economic planning and government regulations. If a policy fails it is replaced with more regulations in order to have more control and have better results the next time around. Sometimes the aftermath of these policies can result in people being violently oppressed in order for them to accept it. Countries that have known mixed economies are the United States; Naomi Klein mentioned the state of the mixed economy in her interview with Kenneth Whyte. Cuba is also known to have a mixed economy. History The term came from Britain in the 1930’s over a political debate post World War 1; some supporters of it at the time were: R.H Tawney, Anthony Crosland, and Andrew Shonfield. The opposing argument came from Ludwig von Mises and Friedrich von Hayek; they believed that it was an influence of the state and too much socialism. Elements - Variety of freedoms - Owning different means of production (ex. farms, factories) - Buy/sell - Hire/fire (maintaining an organization that is constantly producing money) - Communicating (ex. creating markets)

By: Alana Evanowich