The Market Economy is the Only properly functioning economy

Marc Faber : I have to make here a distinction , in Asian societies , if you do not work you have nothing nobody will give you anything government does not come in and helps you , the problem is that the baby boomers were born into a generation of entitlement , whatever you do if something goes wrong the government will step in and give it to you , you are sick the government will pay , you cause an accident in the highway , insurance paid by the government will pay , and and and ....All I am saying is basically if you want to have a properly functioning economy it has to be a market economy , if you believe in a market economy and capitalistic system you don't believe in government intervention, If you want to have a properly functioning economy it has to be a market economy with all its drawbacks and disadvantages and the pain for individuals. That is the only way it will function. - in Yahoo Finance