When looking at the economy and what systems work best to regulate it, you observe command and control or incentive system. Each side has their own benefits and downsides, but personally, I find that incentive is the better system. Reason being is that with an incentive system, the government has less control over the political decisions being made. It’s all about a game of who can earn the most money, and when it comes to government and money, they’re going to look for a way to earn the most money no matter the consequences. For example, 3 of Iceland's largest banks had borrowed 120 billion dollars (movie). This amount is much larger than their whole economy. Command and control gives a very broad regulation over many policies meaning that
