How big government helps the economy take off

Discussion in 'Economy' started by Anguille, Sep 7, 2008.

  1. Anguille
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    Anguille Bane of the Urbane

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    "Contrary to the romantic claims about the nation's laissez-faire past, American history is a story of government intervening, time and again, to support growth."

    How big government helps the economy take off - The Boston Globe

    And insightful read for those Americans ungrateful for what their country has done for them.
     
  2. Anguille
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    Anguille Bane of the Urbane

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    20 views but no comments!!!?
     
  3. Skull Pilot
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    Skull Pilot Platinum Member

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    When actually ranking economic freedom in high tax countries we see a lessening of the ten economic freedoms

    The Heritage Foundation ranks countries in these ten freedoms and we see that the US ranks as 80.6% free placing us 5th in the world behind Hong Kong, Singapore, Ireland and Australia while Norway ranks as 69% free 56th in the world.

    Personally I am of the belief that we have plenty of money to do everything mentioned in the Globe article. Infrastructure, etc without raising taxes. The key phrase in the article is

    Rather than harm the economy, the evidence shows that government spending, when done well, contributes critically to economic

    it's the when done well line that is the kicker. Government doesn't do anything well. the article also states that big government is a way of life and we should just accept it. if that is true then waste and corruption are also a way of life that we should accept.

    To me freedom is more important and one is not free at all if he is not economically free. Instead of stepping on a path that will inevitably lessen our economic freedoms, we should be taking steps to be number one in the world in these freedoms.
     
    Last edited: Sep 9, 2008
  4. Skull Pilot
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    Skull Pilot Platinum Member

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    I want to add a little more info the the above post:

    How do the ten highest tax countries rank on the scale of economic freedoms?

    10)Poland-43.7% 83 in the world

    9)Finland-44.1% 16 in the world

    8)Netherlands-44.4% 13 in the world

    7)Italy-45.2 % 64 in the world

    6)Sweden-47.9% 27 in the world

    5)Austria-48.1% 30 in the world

    4)France-50.2% 48 in the world

    3)Hungary-51.0% 43 in the world

    2)Germany-52.5% 23 in the world

    1)Belgium-55.1%! 20 in the world

    not a one in the top ten. So the question is again, what would you want bigger government or more freedom?
     
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  5. Anguille
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    Anguille Bane of the Urbane

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    I agree that government spending must be done wisely but delegating too much to private enterprise has resulted in more paperwork and graft than savings. Government is not synonymous with waste and corruption as you suggest. Private enterprise is. Government is a democratic institution over which we exert a certain amount of control, depending on how vigilant we are. Private enterprise is feudal in nature. We need government to regulate it so it does not usurp our government and suppress our rights and freedoms.
    Of course, one is not free if one is not economically free. Look at any low income person working two jobs to get by. If big business has it's way, we'll all be overworked and too tired to muster a whimper to protest our exploitation. Big Government means control is in the hands of the voters not the elite CEO class.
     
    Last edited: Sep 9, 2008
  6. Bern80
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    Bern80 Gold Member

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    Nothing could be more inaccurate or more counterintuitive. Private business has a real incentive to curb wastefull spending, after all their purpose is to turn a profit. Private businesses are dedicated to the effort of not losing money. How you can make such an asanine statement with a straight face is pretty amazing. Government on the other hand has very little incentive to curb inefficienty and wastefull spending. Not until the voters decide to really start making them accountable anyway and so far history has shown that we won't. Government produces less paperwor? Have you seen our tax code lately?

    Since when can any business force you to work? You are confusing the term economic freedom quite a bit. I suggest reading Milton Frieman's "Freedom and Capitalism" for the correct definition of that term.
     
  7. Anguille
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    Anguille Bane of the Urbane

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    Except that they aren't.
    As anyone who has worked in an inefficiently run and profitable enterprise knows.
     
  8. Anguille
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    Anguille Bane of the Urbane

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    By owning all the work opportunities in an area, by striving to eliminate small businesss all the while claiming to be allied with small business. There are many ways.
     
  9. Bern80
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    Bern80 Gold Member

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    It's pretty diffuclt to be both profitable and inefficient. To think that is the norm is not really accurate.
     
  10. Bern80
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    Bern80 Gold Member

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    Again have you found this to be the norm? I suppose in some remote communities it could be that way. Even if they did it is a) still your choice to stay there and work for them and b) on the remote chance that such a monopoly on the job supply exists it does not inherently mean they are going to be unfair in their treatment of employees.

    You're really starting to make things up for the sake of making your point. I assume you are referring to big box stores like Walmart, Home Depot etc., this is simply the nature of competition. By extension you are propsing that such big box businesses should not be allowed to be in the same area or somehow regulated to be 'fair' with the mom and pop places. How is limiting that choice as to where people can shop any different then the wrong that you claim in only haveing one company in control of jobs in an area?
     
    Last edited: Sep 9, 2008

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