As said on page 548 of the Edwards textbook, capitalism is " an economic system in which individuals and corporations, not the government, own the principal means of production and seek profits".The economic system that the United States has today is a mixed economy. I believe that the United States should keep the mixed economy because it allows regulation of products and services and allows for protection of citizens. If there was not a mixed economy and the United States just had capitalism then the country would be in turmoil because of the lack of government involvement.
I agree with Eli that the United states should keep it's mixed economy. While pure capitalism may sound good in theory, the lack of government regulation allows for the rise of corruption and monopolies. An example of government regulation of the economy comes from the Sherman Antitrust Act, which regulates the conduct and organization of business corporations, generally to promote fair competition for the benefit of consumers.
I disagree with Eli and Mallory, I think Capitalism would be the best type of economic system we have. yes, capitalism does have the chance of being corrupted, but we have that now anyways. Just instead of big multi-billionaire CEOs being the greedy ones we have, We call the ones we do already have politicians. Now you can say that with Capitalism people are just going to be greed monsters and disobey the laws, but not everyone's first instinct is to rip people off and whats from stopping politicians now from creating laws that benefit them? Capitalism does have the possibility of being a flop, but so does what we have now, at least in a pure capitalist society, the government couldn't be stopping American made businesses from making money.
I agree that our current system of a mixed economy is the best for our nation as a whole. A mixed economy limits government regulation, giving the private market freedom to thrive and expand. Businesses are more likely to be efficient when they are not as restricted by the government. Since most business is left to private enterprises, the government can also focus on the stability of the economy as a whole. A mixed economy also provides a federal safety net for business, giving it a protection from poverty. With a little bit of help from the government, businesses are safer, less corrupt and more efficient while still having freedom.
As said on page 548 of the Edwards textbook, capitalism is " an economic system in which individuals and corporations, not the government, own the principal means of production and seek profits".The economic system that the United States has today is a mixed economy. I believe that the United States should keep the mixed economy because it allows regulation of products and services and allows for protection of citizens. If there was not a mixed economy and the United States just had capitalism then the country would be in turmoil because of the lack of government involvement.
ReplyDeleteI agree with Eli that the United states should keep it's mixed economy. While pure capitalism may sound good in theory, the lack of government regulation allows for the rise of corruption and monopolies. An example of government regulation of the economy comes from the Sherman Antitrust Act, which regulates the conduct and organization of business corporations, generally to promote fair competition for the benefit of consumers.
DeleteI disagree with Eli and Mallory, I think Capitalism would be the best type of economic system we have. yes, capitalism does have the chance of being corrupted, but we have that now anyways. Just instead of big multi-billionaire CEOs being the greedy ones we have, We call the ones we do already have politicians. Now you can say that with Capitalism people are just going to be greed monsters and disobey the laws, but not everyone's first instinct is to rip people off and whats from stopping politicians now from creating laws that benefit them? Capitalism does have the possibility of being a flop, but so does what we have now, at least in a pure capitalist society, the government couldn't be stopping American made businesses from making money.
DeleteI agree that our current system of a mixed economy is the best for our nation as a whole. A mixed economy limits government regulation, giving the private market freedom to thrive and expand. Businesses are more likely to be efficient when they are not as restricted by the government. Since most business is left to private enterprises, the government can also focus on the stability of the economy as a whole. A mixed economy also provides a federal safety net for business, giving it a protection from poverty. With a little bit of help from the government, businesses are safer, less corrupt and more efficient while still having freedom.
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