Goverment Intervention Essay

1243 Words 5 Pages
The Effects of Goverment Intervention Within Economy
Source one is a direct quote from Milton Friedman illustrating his perspective and opinion on the market economy. Within the quote, Friedman is directly voicing his belief that the only logical way for an economy to be ran is through means of private ownership and investment. In his mind, interference from the government only disables the everyday consumer from living in what he thinks should be a free society. Within his quote he states, “Nobody spends somebody else’s money as carefully as he spends his own. Nobody uses somebody else’s resources as carefully as he uses his own.” With this statement, Friedman is implying that the government has no right to dictate how consumer’s money and
…show more content…
He stated, “The free market punishes irresponsibility. Government rewards it.” This clearly illustrates that he, like Friedman, is strongly in favour of capitalism, and the ideas that it brings to society. Typically a market economy has strict societal class divisions, and those who work hard for what they earn are normally put into the middle and upper class. Browne is in agreeance with this theory because he believes that those working for their profits should be rewarded for their actions. On the contrary, he thinks that those who fall into the lower class should not be rewarded by the government through means of welfare programs. In his opinion, the act of taking money from the government without earning it is simply irresponsible. He thinks that when the government intervenes with economy in such a manner that they are simply encouraging poor behaviour. Browne’s opinions are similar to those displayed in Adam Smith’s book “Wealth of Nations”. Smith had a strong opinion that individuals should be free to work solely for themselves, and those who neglect to do so shouldn’t be rewarded for their lack of self interest. This quote, much like the last, portrays Browne as a classic liberal. His ideology is consistent with that of a classic liberal in that he does not agree with the government hampering economic growth by acting as a charity case. …show more content…
Though this cartoon has two opinions within it, the one that the author holds is that of a capitalist. Within the cartoon there is an angry child who states, “That guy just stole all my candy. Now he’s redistributing it to kids who didn’t collect as much.” This statement, and the cartoon as a whole are meant to portray the author’s displeasure towards Obama and his government’s actions within the economy. Historically, the United States has had a market economy. However, Obama made it seem more like a mixed economy with his involvement in the business sector. His “redistribution of candy to those who didn’t collect as much” is a representation of his sympathy towards those in the lower class of economy. He made many plans while in control to help those living in poverty such as Obama care, a plan that was devised to give health care benefits/insurance to families who couldn’t otherwise afford it. This acts and others did not sit well with citizens in the middle and upper classes because they hold the belief that they should keep all of the wealth that they encounter from their work. Obama “redistributing candy” is actually meant to display how the success and income of others is being put towards those who are unable to earn their keep. This is deemed

Related Documents