The Purpose of Mixed Economies

We've talked about free market economies and command economies, but the truth of the matter is that nearly every country on Earth utilizes a mixed economy, which blends aspects of each of the aforementioned economy types. Whether talking about the United States, European nations, or almost any other country, economies utilize aspects of a free market but also some government control. What is the purpose of this approach? Why should a government get involved in an economy? Why is this model so successful? Let's find out!

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[jaredharmer]

Economist here - very good basic video, BUT it is worth mentioning that the “command” part of a command economy can take VERY different forms.
A democratic command economy is very different from a fascist command economy

[velikiradojica]

To be honest, in the milk example, the farmer probably gets lots of subsidies from the state.

[AndyRhodes]

Excellent video! I use it in economics and history classes I teach at the high school level.

[jimboslice]

This is pretty much the exact lecture my professor gave in my 1st economics class in college. Drew a line on the board and started asking where countries fell on the spectrum. Seems like common sense now, but 20 years later I find myself explaining the economic spectrum to people who say a lot of dumb stuff about "ohhh socialism" and "ohhhh capitalism"

[TheKingBeyondEverything]

Prof. Dave, will you also Debunk Sadhguru after getting done with ID?

[kurtvonnegut]

Very good video for anyone to watch in my opinion. Everyone is mislead on how economic systems truly function, even in their one counties.

[popescugabriela-livia]

This is gonna be verry intresting fo watch

[danielhumphrey]

Hey Dave, I know this doesn’t relate to this video but could you explain the origins of energy? How does the capacity to do work initiate?

[urielpolak]

Regulation.wrongly vilified in the USA. How they hate regulation. Yet i am real happy for regulation

[chrissierra-]

My favorite flatearther destroyer and a dude who shows me the right path

[thommyberlin]

Ok, I've a skewed view because my entire adult years were spent in the United States where self identified 'conservatives' purposefully destroyed the economic system that built the largest economy on earth with the largest middle class, and replaced it with neofeudalism. (yes I made that term up). And where were the economists? Going right along with them. How many told the truth about 'Trickle Down' economic policies? How many in the entire country? So they blew that. What 'Trickle Down' was: A method of plundering the working classes to make the wealthy wealthier, more become politically powerful enough to never have a FDR again. They blew every economic melt down since too. And why? Because what economists are in reality: Toadies who work for the wealthiest Americans, and nothing more. and as an American, I'd make their profession illegal. As if the uber wealthy needed another group of professional liars.

[nsg_kuunda]

This video just convinced / reinforced in me that anarchists and libertarians need to be better at coming up with and implementing ways to replace governments.

[jansenart]

41 Stars, Dave? Which nine states pissed you off??

[iggi]

This was an interesting video! Really enjoyed it

[noorsahar]

Can you please upload videos on genetic engineering.... You are Amazing BTW ☺️

[MRSYSTEM]

Its legal to sell raw milk in Ireland but there are the same hygiene requirements when producing the milk

[julianshepherd]

Poland is interesting with infrastructure backed by EU money while the private sector does pretty well.
It did help that the population was generally skilled and healthy.

[AndyRhodes]

Every society is a mixed economy, a combination of socialist (command or centrally planned) and capitalist (free market) economic systems to various degrees:

[jonnymahony]

In political science people divide between Liberal Market Economies (LME) and Coordinated Market Economies (CME).

[nexusg]

The US is a good example of the problems with mixed economies. Here, having a mixed economy creates legislative handles by which corporations gain power. Tyson foods, for instance, supports a food safety bill in Congress, the Food Safety Modernization Act (FSMA). This creates a new department within the federal government known as the Food Safety Administration (FSA). And like the FDA leadership being a "who's who" of pharmaceutical industry, they want to create a separate department that includes a "who's who" of industrial food. They use these departments as a cudgel to create a de facto monopoly for themselves, being able to absorb the additional operating and legal costs much more effectively than a smaller operation not dealing in the same volume.