Unformatted text preview: forms; this is obvious in our country’s current economic position. In 1945 the United State’s economy accounted for 50% of the worlds GDP while today it accounts for only 20% while it is still the largest state economy in the world that is still a significant decline in sixty years. Our state’s political economy is very liberal and it’s relation to labor is therefore also liberal. Currently the United States market lead economy enjoys relatively little government regulation. Private companies are free to seek profit however they choose, which recently has involved out sourcing which is a product of our countries political economy. With the recent decline in the United States general economy, perhaps we might see a change from market led capitalism to state led, or perhaps some new form all together....
View Full Document
- Spring '08
- Capitalism, United State, capitalism Capitalism, American liberal capitalism