REGULAR ECONOMICS, here is an opportunity to earn some extra Wandzis. Tell me what you think is the best system of economics that we talked about this week and why. Make sure your name is attached to your message. The more thoughtful you are the more you get paid.
OR........
IS AMERICA ACTUALLY #1? Why or why not?
10 comments:
Even though i love US economy which is market. i think command economy is better because it gave people a simple stress-free life. Stress is main cause of sudicidal in US. So if people have no stress, less people will hang themselves. To make sure a country got good government, people can run for election and can vote for their president, it would be nice. Command government gave people basic needs like health care, road, education,jobs to make money etc...( therefore, there's no poor peole and no one have to donate, i hate donation.)
Though i think that the US has a lot of great opportunities for citizens to start their own businesses, and we have a lot of resources, I don't think that anyone should be number one. Because without China, we wouldn't have all of the goods we get. I think that it could tie for the importance, but the US being number one is not accurate.
i think that the best economic system is a market system. i get that in a command economy the government basically makes all the choices for you and i guess some people would say that thats easier or less stressful, but eventually it gets ridiculous. a market economy is better because it gives you the freedom that most people want to make their own decisions. Not only does it give you your freedom, but it lets you be more involved in the world around you and more in charge of your own life specifically.
I don't think that it is possible to say that either is better.
With a market economy you have the high risk of a domino effect (as we are seeing now) which leads to economic troubles.
However, with a command economy you have less freedom, which usually means people will be less happy.
The best, I think would be some combination of the two, where people are generally left to make their own decisions (sometimes mistakes) but the government can intervene when necessary.
I think it would be best that we have a mixed economy where we do have some freedom to do our own thing but still have the government come in and make adjustments if necessary. If the economy is in trouble then they can step in and help make it back to normal.
I don't think that America is actually number one and I don't think any other countries are either. Each country depends on one another to get the resources they need. So I believe that there is no number one.
In my opinion i think command economies work the best. Now, that may seem weird, because command economies are most likely to be dictatorships with absolute government involvement and people have no free reign, but I don't see North Korea going through any recession right now. I think it's because since the government controls the trade there, everybody has the same thing as everybody else. There's no social status there unless you're "in" with the government and you have control in that case. Say the government gave out 8 apples and 9 bananas. Everybody would then get 8 apples and 9 bananas. There's no competition. No competition equals equality. Sure, you don't have any rights, but you don't have recession. Sometimes you've got to give up something in order to gain something else.
I think that both a command economy and a market economy both have pros and cons. First, the command economy, the government is in control and gives the citizens less freedom to no freedom to control what is going on in business. But on the other hand, a market economy is also risky because giving too much freedom can cause problems and conflicts not only between the sellers, but also the risks of all the sellers making decisions that also prove risky to their business. I believe there really isn't a better economy, but I agree there should be a mix between the two to really balance out the needs to keep an economy in good shape.
I certainly don't think the command economy is the best system. Remember the kitchen debate? Well, not the debate itself, but what it represented. In a real command economy, the government gets to decide what standard of living to give the people. If the government wants to focus on something like weapon building, then guess what gets to take a backseat to it: the standard of living. Most countries that use a command economy want more power, and for some reason I have a hard time believing that the governments with all this power are thinking more of the people than themselves.
We all want to have freedom to do things we want to do, and having a command economy would definitely infringe on more than we would like it too. Economy is a very broad term and can be interpreted very loosely. A market is great because while maintenance is certainly needed on it, (as we are seeing now) it is less risky than a command system. A command system relies on one group of people: the government, in a way it's like a sole proprieter, and a market tends to be more like a corporation. Much more has to fail to make the market fail completely, and it's a lot easier to find the gaping problems.
It may leave people behind, and it may be stressuful, but there is still a place where everyone can be used. Not everyone has to be an entreprenuer at the same time, the government is not telling us what to be or what to do. Plus, you can always find your role, just have to get creative sometimes.
In a lot of ways, you could say that U.S. economy is number one. Being a capitalist economy, we have it fairly easy when we want to start our own business. Entrepeneurship (spelling?) is easier in American then in other, more-strict, economies. Also, since we have the ability to own our own private property, it gives us a sense of belonging, and authority. In a command economy, this wouldn't exist since they tell you what to do. However, while there are some ups to being capitalists, there are also downs. #1: Greed!. Because people can own their own property, they don't have to do what other people want them to. If the nation were to go into crisis, "oh well, its not our problem because its not directly affecting me". "No I won't donate, why should I? How is it affecting me?" In a command economy, there wouldn't be any allowance for such questions. There is no option, its do or jail. If say a country were to have a flu epidemic ravage their country. In a command economy, they could shut down whatever companies had been making before and force them to make flu vaccinations and other pharmicuticals. So there are advantages to command economies too. The U.S. cannot be flatly labled as #1 because it all depends on who you are and what you want. Governments want command, individuals want market. Its all about personal gain...
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