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With exercise of prudence and sound judgment, a socialist economy works better than an unregulated free economy. Examples of unregulated free economies are the economies in third world countries where government systems are weak, and local fiefdoms or "protection societies i.e. mafia" are created to maintain order. There, the only protection the individual has is the benevolence of the local chief. Caveat Emptor, let the buyer beware is the rule of the land.
Lest any American forgets, our allies and trading partners are all quasi-socialist economies. While they may tout themselves as capitalist economies, those countries' businesses operate under laws and regulations enacted by governing bodies, their currencies are under the absolute control of a sovereign body and the governments establish economic relationships with countries and oftentimes establish trade regulations together.
Perhaps the question should be rephrased to say, 'why might a country prefer a free economy, i.e. an economy which is unregulated and with no oversight by any government or trade entities.
While talking heads of the entertainment media may spout the glories of free economies, they will be the first to advocate government intervention for wrong-doing by entrepreneurs. Under a free economy, cheating is not wrong as it is the buyer who must beware, not the cheat.
Those interested in improving our economy should be open-minded and study the political and economic systems of countries around the globe, particularly our trading partners. We should also scrutinize our economic systems and be willing to shed the prejudices and fears planted during the cold war era of the 1950's by paranoid politicians. Soundbites are great for commercials, but we must remember that sound economy need more than soundbites, we need sound judgment in the determination of our economic future.
By the way, those who believe that the United States government should not be dictating ceilings for renumeration of executives or be investigating the payment of bonuses to executives, and are now screaming that the United States is on a slippery slope to a socialist economy, they should remember that there are strict laws imposed on everyone who receive government funds. If there are limits imposed on those who receive social welfare such as Aid to Families with Dependent Children, or Medicaid & Medicare, or even Unemployment Compensation Benefits, shouldn't there be limits imposed by the government on those who stand in line begging for corporate welfare?
Corporate leaders should remember that when they come begging for bailout funds, they are no better than the down and out welfare receipients. They, like the social welfare receipients, should be subjected to scruntiny of the expenditure of funds received. It was not government which requested the socialist economy, it was the corporate heads who came begging for the socialist economy.
What else can I help you with?
Suppose there is a country in economic ruin after World War 2. It is seeking monetary aid from a world superpower. The country supports a command economy and opposes democracy. What is the country mos?
it’s not the Soviet Union itself, it could be one of the Eastern Bloc countries or communist states that were aligned with the Soviet Union, as they shared these economic and political characteristics and might seek aid from the USSR during reconstruction Red More: linkmoni .com/0GCsyIf
Is the us the most corrupt dishonest country in the world?
I think we could have instigated some things. I think that we also might have sold them the weapons so; we might be the most corrupt and dishonest country in the world. At least we are the the most barbaric country in the world those are the other countries just as afghanistan.
What nationality is the surname Hanlotxomphou?
The surname Hanlotxomphou does not appear to correspond to a specific nationality. It might be a unique or uncommon surname not associated with a particular country or ethnicity.
What might a wealthy executive who has committed financial wrongdoing and faces jail time appeal to the president for?
The executive might appeal to the president for a pardon or clemency to avoid serving jail time. They may argue that their contributions to the economy or society outweigh their crime, or that their incarceration would have negative effects on their family or business.
What situation might keep an embargo against a country from being successful?
An embargo might not be successful if other countries do not fully enforce it, allowing the target country to still access goods and resources from those countries. Additionally, a lack of international consensus or support for the embargo can also hinder its effectiveness. Finally, if the target country finds alternative trading partners to replace those lost due to the embargo, it can mitigate its impact.
Why did Americans think that strikers might be a part of a communistic takeover?
That's because all unions are socialistic.
How might a country with only one valuable resource develope its economy?
u stick it up ur a$$ :P
Why do you have a federation?
Because banks are the financial intermediaries of the economy. If banks operate in an unsupervised manner they might cause economic chaos and uncertainty in the country. That is why the Federal Reserve regulates the banks to ensure that customers are protected and the country's economy is safeguarded.
Why do governments regulate banks?
Because banks are the financial intermediaries of the economy. If banks operate in an unsupervised manner they might cause economic chaos and uncertainty in the country. That is why governments regulate the banks to ensure that customers are protected and the country's economy is safeguarded.
Why does government regulate banks?
Because banks are the financial intermediaries of the economy. If banks operate in an unsupervised manner they might cause economic chaos and uncertainty in the country. That is why governments regulate the banks to ensure that customers are protected and the country's economy is safeguarded.
Why do you have a federal reserve?
Because banks are the financial intermediaries of the economy. If banks operate in an unsupervised manner they might cause economic chaos and uncertainty in the country. That is why the Federal Reserve regulates the banks to ensure that customers are protected and the country's economy is safeguarded.
What country in this region might have the easiest time in developing a new economy if oil sources get low?
the country that will have the easiest time developing a new economy if the low sources got low is canada because they of the pollution in the air and the lowness in the oil
Why do government regulate from banks?
Because banks are the financial intermediaries of the economy. If banks operate in an unsupervised manner they might cause economic chaos and uncertainty in the country. That is why governments regulate the banks to ensure that customers are protected and the country's economy is safeguarded.
Why might a coutry's government decide to place high taxes on imported goods?
To help the the economy of the country from which the goods came.
Who is the hottest celibrity?
Opinions will vary on that. For a start, I might prefer a female celebrity; others (especially women) might prefer a male celebrity.
Why has the economy of Iraq slowed?
It might have something to do with the civil war going on in the country.
What are the aim of banking supervision?
Banks are the financial intermediaries of the economy. If banks operate in an unsupervised manner they might cause economic chaos and uncertainty in the country. The Governments cant just let the banks do whatever they wish. That is why governments regulate the banks to ensure that customers are protected and the country's economy is safeguarded.
