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Monday, September 21, 2009
Homework 9/21 The Free Market
This article is from the website Investopedia which is produced by the business magazine Forbes. Please read the article for homework and post a comment for discussion in tomorrow's class. You should note that this site includes a section on Economic Basics and a Dictionary that are very helpful in explaining complex terms and concepts.
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I think the article is correct in suggesting a delicate balance between a free market and a highly regulated economy. The benefits of the free market definitely exist, but society needs the regulation as a safety net.
ReplyDeleteThe article states that we can have a balance of a free market and a highly regulated economy, but that its delicate enough that we still need to work on it before being able to reach that point.
ReplyDeleteIf there was figuratively a way to create worldwide regulation, laws that everyone abided by which closed most loopholes (like the coal miners shipping overseas for larger profit), that may be effective. But the only way to do that may be to become a socialistic country. Which wouldn't really work. This is definitely a tough issue to balance, seeing as any balance or extreme tried so far hasn't been completely effective.
ReplyDelete(EMILY WATSON)
This article gave me a much better understanding of the free market and what it means. I am interested in learning more about this conflict and hearing other peoples' opinions and thoughts about the pros and cons. I can agree that there should be a balance between the free market and a highly regulated economy.
ReplyDeleteThis article definitely makes it much easier to understand how our economy works and how something like the recession can happen. The free market in several ways seems to be what is necessary for the economy to be repaired since it is important for people to be buying and selling to keep the economy going. Although there are advantages to that type of market, there are obviously downfalls as well, such as that without regulations, accidents such as the spill of the Exxon Valdez, or a lopsided distribution of wealth can occur.
ReplyDeleteThis article makes it easier to understand how a recession can happen, and how the economy works. I agree that there should be a balance between the free market and the highly regulated economy.
ReplyDeleteThe article talks about how their could be a balance between a government regulated economy and a free market. But one definitely needs some restrictions or else it would be chaos.
ReplyDeleteI'd have to say I agree with this article. I think, however difficult, there needs to be some sort of balance between deregulation and regulation of our economy. But whether our government chooses to regulate or deregulate our economy, one thing that I think needs to happen is there needs to be some sort of line where we say that "During your business, there is a line and you don't cross it" to stop banks from giving out very risky, but profitable, loans and from the price/earnings in certain companies stocks from getting too ridiculous. Because I think the major problem with our economy is that there was no "bottom line" where business and companies just don't cross.
ReplyDeleteI completely agree with the writer of this article when he says that we must find a balance between a free market and a heavily regulated market. There are some advantages to a free market, but a regulated economy benefits the people of this country and the environment. I learned a lot about our economy from this article, and feel that we are in a very tenuous balance between a free market and heavily regulated market.
ReplyDeleteBoth sides definitely have good arguments for their particular case, from the article in question I wasn't actually able to decide which side I agree with. It appeared to be slightly more biased towards non government interfering but that might just be me.
ReplyDeletethis article seems to be a common debate about the market. yes it makes sense to leave the market by it self so that business can strive and so that the government does not create unnecessary costs. however, there are tycoons in the business and would not keep the public interest in heart as the articles states. However, i believe either way with government or without either the government would receive more money or the industry would. so i think that if the government is only involved to protect peoples interest and the environment then there should be government regulation.
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