The topic is whether government should intervene in society concerning Essay

The topic is whether government should intervene in society concerning economic issues - Essay Example In early American History, the Government refrained from controlling or intervening in the economy and accepted the â€Å"laissez-faire† doctrine or â€Å"survival of the fittest† ideology. The only government role was to maintain law and order. (U.S. Department of State). However, a gradual shift in this policy has been noticed since the turn of the 19th Century with the rising corruption in the Public Sector and to ensure fair competition in the marketplace. There was a lot of support on the theory of Keynesian macroeconomics, which led them to believe that the government should set goals and objectives for the economy as a whole. (Willamette Univ.). While it is important for the Government to partake in some economic activity directly such Taxation Policies, formulating and implementing rules or laws for fair trade and competition etc., and sometimes indirectly by monitoring economic activities through Economic institutions (e.g. Federal Bank deciding to increase or decrease Bank Rates); it becomes necessary for the economy to be given a free hand in order to flourish. Often, government fixes prices on goods on services or labor, such as minimum and maximum prices, which may lead to aberrations in the economy. There may be shortages in the market which may arise if the government fixes prices below the prevailing market rate. Ex. Public healthcare being provided free may lead to long waiting lines for treatments (Higson). Government fixing prices can lead to Surpluses as well, which may be the outcome of prices being fixed above the market rate. In such a case, the supply will be more than the demand. For example guaranteeing a farmer a higher price than the market price encourages over production and gives rise to wastage. Similarly, minimum wages tend to lead to unemployment in the economy especially for unskilled labor when the wage rate is set above the

MacAskills Strong Claim Essay Example | Topics and Well Written Essays - 1250 words - 1

MacAskills Strong Claim - Essay Example The argument is generally based on the charity sector as compared to the paradigm ethical careers, reasons why charity work is viewed as the most ethical career choice. This is therefore justified by the positive effect one has on the world and the community by pursuing such a career and also if the career can make a difference and if it can make the world a better place when it is pursued. Morally controversial careers can sometimes be very lucrative than a morally innocuous career but very few people will wish to pursue such a career-making their wages to be great high. These morally controversial careers differ from reprehensible careers and they include careers such as working for a company involved in the arms industry, working for the petrochemical company, some careers within the finance sector like the ones involved in the speculating on wheat thereby increasing price volatility and disrupting the livelihood of the global poor. Also, there is the reprehensible career which in cludes working as a hit man, drug dealer or a child trafficker and the non-consequentialists tend to reason typically much stronger against this reprehensible career and for this reason they are considered typically illegal whereas the morally controversial careers are not. On pure consequentialists grounds it is most unlikely that a moral sensitive individual could actually bring themselves to pursue such a career and by doing so could impair their ability to influence others to also pursue philanthropy.