Essay Government Intervention Market

Essay Government Intervention Market-43
When anything goes wrong, from a train wreck to a change in stock market prices, the craven crowds always clamor for just one more law.Throughout the world there is a spirit of egalitarianism and trust in government omnipotence that blinds people to the inevitable and undesirable consequences of the very intervention they currently advocate.If one wants to correct their manifest unsuitableness and preposterousness by supplementing the first acts of intervention with more and more of such acts, one must go farther and farther until the market economy has been entirely destroyed and socialism has been substituted for it.

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These employers, commonly considered as "haves," are actually advocating a program outlined by Karl Marx for the destruction of the very capitalistic system which has provided them with their present wealth and positions. If they will not read, study and digest the 881 pages of The immediate aim of the Communists is … In this sense, the theory of the Communists may be summed up in the single sentence: Abolition of private property.…

Property, in its present form, is based on the antagonism of capital and wage-labor.…Government intervention is therefore considered a moral and economic weapon to be used for the welfare of all the "have-nots." The crusade for creature comforts is no longer considered to be a struggle against the niggardliness of nature.Instead, it is dreamily idealized as a campaign for the political allotment of each group's "fair share" of the wealth produced by others.They fail to see that such laws are basically a surrender of their rights to employ whomever they might choose under free-market conditions.They seem to believe that the intervention they support is good intervention because, in their opinion, it will strengthen their side against the common enemy "labor." They believe it will increase their freedom and enchain their "opponents." Alas, employers, too, are victims of the current tendency to think of wealth production in terms of "class warfare," rather than in terms of social cooperation for mutual advantage in a free and peaceful market.Learn more about how Oath collects and uses data and how our partners collect and use data.Select ' OK' to allow Oath and our partners to use your data, or ' Manage options' to review our partners and your choices.This would seem to indicate that many present-day employers have neither faith in freedom nor an understanding of the economic principles which reveal that a free market is the most efficient means that free, peaceful, and intelligent men can use for the advancement of individual men as well as the general welfare.Those who advocate a legal ban on union shops seldom realize that they are sealing their own doom and placing their future fate in the hands of legislators who are only too eager to assume control of all economic activity.Seldom do they ask for a repeal of the laws which are so often the root of their troubles.In accordance with the religion of the day, they ask for new legal restrictions which they think will protect them from the ills produced by the interventional laws already on the statute books.


Comments Essay Government Intervention Market

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    In its operation. Market outcomes can be highly unequal and skewed. Equity can be brought about by redistribution of endowments with which economic agents enter the market. Redistribution of resources – an economic, social and political process- requires government intervention.…

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