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To what extend should government intervene in an economy?

The world has yet to see the perfect balance of governmental and private control. It may, in fact, be unattainable. That being said, there has been a great deal of highly successful economies. Governmental control is a vast range, on one hand we see countries like the United States, which attempt to leave the responsibility to the entrepreneurs. On the other we see countries like the former Soviet Union or China that display a very centralized economic viewpoint (i.e. small comities lay out strict systems in advance). There are aspects from both ideologies that are quite attractive in their benefits. In weighing these benefits a system likened to that of socialist Sweden (or possible even further left-wing, that is, more communal) seems to be the most universally satisfying method.

The solid social safety net provided in the aforementioned environment is an example of how it excels before other systems. While it is true that these programs result in higher taxation they ...

Posted by: Chad Boger

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