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sammy [17]
4 years ago
11

In at least one hundred and fifty words, evaluate the pros and cons of government involvement in the free-enterprise system of e

conomics.
Social Studies
1 answer:
nikdorinn [45]4 years ago
7 0

PRO An economy based on the relationship between supply and demand promotes healthy competition. Companies strive to offer better goods or services than other, similar companies. If one company offers more extensive goods and its profit margins increase, then that inspires its competitors to get innovative so that they can retain or gain some of that market. This lively symbiosis is the backbone of free enterprise, and is a huge positive. Consumers gain when companies compete to offer more products or services in varied, often more efficient ways. Consider how the shopping industry drastically changed during the last 10 years with Amazon able to ship products directly to consumers, saving them money and time spent driving to a “big box” store.


CON That potential for profit is as alluring as it is dangerous. In order to maximize the highest profit margin, potential companies often resort to unethical or even illegal behavior. The 2010 Deepwater Horizon oil spill is arguably a symptom of such a mindset, because of rushing, that oil company caused a horrific natural disaster. Such behavior is detrimental to its employees, because a company is not paying attention to, safety protocols, for example. Rushing or not paying attention to safety protocols, can cause lives lost or at least caused sickness and injury. Free enterprise suffers when companies go completely unchecked and foster corrupt competition.

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Answer and Explanation:

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The framers of the Constitution were very concerned about a majority rule changing fundamental laws. While they made the Constitution a flexible document that provided for the possibility of amending, it is an extremely laborious task to do so. The idea is that no temporary majority can significantly affect the rights and protections of the citizenry.

To a large extent, that changed with one critical writing. In 1905, Justice Oliver Wendell Holmes, Jr. wrote the dissent in Lochner v. New York which established the concept of an "empty Constitution." That means that the prevailing legal theory to this day is that the Constitution does not in fact establish *anything* and in lieu of judicial precedent, the will of the people at any snapshot in time is effectively law. This is typically a leftist judicial outlook.

One of the biggest ironies of this decision is making it's way through the appellate courts right now: the California Prop 8 issue. Of course the leftists (rightfully) side with those who support gay marriage. However, if the case is to be decided in their favor, i.e. that a majority cannot vote away someone's right, it will be a repudiation of Holmesian doctrine. If the courts uphold the Holmesian standard, they will be forced to rule that the popular vote can, in fact, restrict rights of the people--in this case, the first amendment right of freedom of association.

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