Thread started: Jan 13 2008, 6:55 AM EST
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My question for you guys is this: Just how much of a role should the government play in a modern market economy? Many politicians and economists argue that the government should play a smaller and smaller role as our market economy becomes more developed. Eventually, all goods and services can and should ultimately be provided by the free market. Education, health care, transportation, even parks and open spaces... if individuals get utility from consuming these things, they should have to pay for them in the market.
And when it comes to correcting negative externalities, let the market take care of that too. If someone is being harmed by a spillover from someone elses economic transaction, they should be able to settle on their own, the government should play no role in solving conflicts of interest in a free market.
So, what do you think? Should the future be a place of more or less government in the economic lives of the people in free countries? Discuss.
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RE: Role of government
By: ,
Dec 15 2008, 4:37 PM EST
The market economy runs itself based on supply and demand which is far more effcient than when the goverment controls the economy. But there are still points to argue where the goverment plays a necessary role. In bad econmical times like we do have now the goverment is needed to intervene and help the econmy grow again. I would say with out govermental interventions the economy grows faster but it aslo falls faster and the consiquences are worse. So i would say a economy without any goverment control would not bet he right thing to do.
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