Tuesday, October 7, 2014

Max Hobrough Chapter 4, question 7

In this chapter once again the main focus was about the government in the economy, but is shows some of the negative sides to this practice. There were a few example that the author gave like mail delivery service, steel plants, and negative regulations. This was very interesting to me because the chapter before the author was talking about how the government is saving and providing public goods through tax payers dollars. Now in fact when it comes to the private sector and something that a non- government program can do correctly the government swoops in to snag up what kind of revenue they can get by interfering with this. Eventhough this is looked at by a large portion of people as a bad thing the author directly says, "Politics is a necessary but imperfect process, and everyone has a right to seek influence"(Wheelan 87). When analyzing this statement I came to the conclusion that politics is really a huge factor in Our economy so much that some people do not even realize this and just pass it over. There are it's punishments to this method in the way that when the government regulates trade for the economy too much the people become turned away from it. If this happens too much you get to the point where you just look at the economy and you realize that it's just failing and that's all due to the government getting the nose in it. For conclusion, in some ways the government can help about to start programs like the post office, but in other ways they can regulate the economy too much and ultimately mess up the whole economy.

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