Should the Government interfere in the economy?
Uploaded by hash188 on Mar 15, 2002
Have you ever been on a soccer team? Then you must have noticed that that it takes teamwork and a lot of cooperation, and understanding from the other players to become successful. Most significantly, there is a coach. Who is willing to go out on a limb to make sure his team is keeping it together, and trying there hardest. He organizes all aspects of the team and keeps order. The coach informs you of, what you are going to learn, how to use your talent, and the target for your new skills. Without a coach there will be chaos and misunderstanding in the team. Only the best players will get to play and they will ignore the others. This example closely shadows how a government intervenes, within an economy when it is in need, or when a country is completely controlled by its government, which is why, I choose the above example.
The economy and its type, affect every one living in a country. It changes your values, your beliefs and your expectation. I believe that government control economy has several more advantages then a market economy. My first reason promoting government control is that, it controls the monopolies played by the large corporations. Bill Gates and his Microsoft Corporation, is the best example of these monopolies. Owning enough money to pay off the US debt and controlling eighty percent of the computer software business. He controls the prices of the computer software, by supply and demand of the buyers. Society can be greatly upset because he can increase the price whenever he wants to make few extra bucks, and he is, no doubt capable of doing this, because there is a huge demand of his software. Government interferes for the sake of public good by taxing him, and eventually the govt. will put an end to his monopoly. In a govt. controlled economy there are no extremely rich or greatly below the poverty line people, because as a coach, govt. will treat every one equally.
One of the most famous examples form history would be Hitler’s domination and control over his empire, in World War 2. He brought Germany out of, one of its biggest economic slumps, and built it into an efficient active economic monster. His minister of economy reduced imports, unemployment, and spend into wide rang of industries and made agreements with other nations. Nazi Government expanded...