Homework Question on Government’s Role in Capitalist Economy
- Should Government Intervene in a Capitalist Economy?
- Choose either the “yes” or “no” side.
- Post an original response (2-4 paragraphs) to the weekly topic, taking one side or the other, and using at least two sources from any legitimate mainstream periodical or newspaper, such as Time, Newsweek, The New York Times, The Washington Post, The Economist, The BBC, CNN, MSNBC, Fox News, etc. No dictionaries or encyclopedias, especially Wikipedia, are allowed.
- You must properly cite a source for anything that is not common knowledge. 4 Sources including Finsterbusch, K. (2013). Taking sides. Clashing views on social issues New York: McGraw-Hill Create.
Homework Answer on Government’s Role in Capitalist Economy
A free market and the absence of government intervention in the economy where businesses are privately owned characterize a capitalist economy (Edsall, 2014). This kind of economy has negative effects that outweigh the benefits it causes and they include poverty, corruption, poor economic growth, and discrimination amongst citizens. Government intervention in the capitalist economy would help to control unlawful products from getting into the hands of consumers.
In most of the third world countries, large number of drugs like locally made brews causes death to the citizens and all illegal weapons, which causes internal attacks due to the lack of government intervening in the capitalist economy and control such activities.In a bid to ensure environmental sustainability, the government provides laws and policies that protect the environment.
This ensures that activities that are not environmental friendly are done away with because business people and entrepreneurs only have one goal and that is profit making they do not care whatever affects their businesses will have to the environment.The government intervenes to ensure that such businesses take responsibilities for their actions (Lane & Ersson, 2010).The intervention of the government in a capitalist economy helps to ensure a sustainable economic growth.