In the videos, “End this depression now”, part one, and, “End this Depression Now “, part two, Paul Krugman talks about the problems we face in today 's world, things that affect us or help us stay out of a depression. Honestly I am a bit surprised to hear that even though we have been out of a recession that ended in 2009, the United States still faces problem like being unemployed for more than one year, and for those who graduate, finding a job has not been easy. The reason I am surprised isn’t because this is my first time hearing about the recession we got out of or the problems the U.S has, but because of the great impact it is having on us today. When Paul Krugman said this situation is not as bad as the great depression, it just made
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I know what it’s like to have the extra help that really makes a difference. I also understand what it’s like for those who aren’t fortunate enough to get the help needed to stay healthy, I see the disadvantages of that in my parents. But I’m thankful the government steps in and helps in different ways.
In the interview, the most important concept presented that relates to chapter 7, “Economy and Work”, and chapter 8, “ Politics”, is how the government influences the economy. The government is the one that steps in and makes an effort to help the economy, but not everyone sees that. When it comes to fixing the economy some believe we should spend more on social programs, which helps out a lot of citizens, and cut taxes. Some even believed it made unemployment stop from worsening. In the video as well as the book it talked about government spending and how it contributes to economic growth and help workers.
The theoretical perspective that better explains the issues on economy, work, and politics in the United States from chapter 7 and 8 would be conflict theory. In conflict theory the economy plays a vital role, and throughout history people have struggled for what is scarce. For example during the depression, there was a lot of suffering and people had to go through a lot of struggles and
I know what it’s like to have the extra help that really makes a difference. I also understand what it’s like for those who aren’t fortunate enough to get the help needed to stay healthy, I see the disadvantages of that in my parents. But I’m thankful the government steps in and helps in different ways.
In the interview, the most important concept presented that relates to chapter 7, “Economy and Work”, and chapter 8, “ Politics”, is how the government influences the economy. The government is the one that steps in and makes an effort to help the economy, but not everyone sees that. When it comes to fixing the economy some believe we should spend more on social programs, which helps out a lot of citizens, and cut taxes. Some even believed it made unemployment stop from worsening. In the video as well as the book it talked about government spending and how it contributes to economic growth and help workers.
The theoretical perspective that better explains the issues on economy, work, and politics in the United States from chapter 7 and 8 would be conflict theory. In conflict theory the economy plays a vital role, and throughout history people have struggled for what is scarce. For example during the depression, there was a lot of suffering and people had to go through a lot of struggles and