EconomicsJunkie
My blogs
| Gender | Male |
|---|---|
| Industry | Consulting |
| Occupation | Vice President Operations |
| Location | United States |
| Introduction | Interventionism is, like capitalism, a system of division of labour under private ownership of the means of production. However, under this system, the government assumes certain responsibilities which would usually be assumed by private individuals. Also, the government tries to use force to declare prices that deviate from the market prices. The government expands its scope beyond the task of protection. This is the system of our age. All around the globe it has been adapted as the system of choice. It is said to combine the best of both worlds, socialism and capitalism. Economists have long proven that every attempt to improve peoples' well-being by intervening and exercising force will fail and precipitate results that are even less desirable than the current state of affairs from the point of view of the person or the group who intervenes or whomever they represent. Their analyses have never been refuted. It is the main objective of this blog to analyze different types of government interventions and determine whether or not the end sought will be attained. |
| Interests | philosophy, world economy, guitar, software |