As I understand it, Laissez-faire ideology maintains that the "free market" is the best way to determine what businesses can and should do. This means that businesses, in competition with one another, should be free to determine their paths free from any government rules or regulations. The belief is that the competition among various businesses will ultimately result in the best outcomes for society in general - Adam Smith's "invisible hand". As part of this philosophy, workers should also be free to compete with each other and choose to work wherever they wish and this process will also result in the best results for the workers as well.
However, isn't there a huge assumption in this philosophy? Doesn't the whole justification of this belief depends on the condition that there is perfect competition and that any company and any worker have the equal ability to compete with one another?
What if there is no perfect competition? What if some companies have advantages - due to any of a whole array of reasons - that place them in a non-competitive position vis a vis their competitors? Without perfect competition then other companies are not necessarily able to compete with other companies that have certain advantages. If such a situation exists, then advantaged companies may have the ability to pursue a course that results in their private benefit, but not necessarily to the benefit of society as a whole. The same would apply to workers in that reduced competition among companies would result in decreased leverage for potential employees.
To recap, if the Laissez-faire ideology maintains the best economic policy for society as a whole, and it depends on there being perfect competition on an ongoing basis with minimal government intervention, doesn't it fall apart if there is less than the perfect competition?
The growing opposition from party members reflected the criticism of the New Deal from conservatives.
Answer: Option A
<u>Explanation:</u>
New deal which was formed by Roosevelt was not accepted widely including the government, business leaders because in any way it did not promote growth in the economy and it had problems of raising high taxes and the business dealers did not want the government to interfere in the matter of growth or business. This was also opposed by the party members of the party conservatives also.
Answer:
I'd say it's the last one because Germany had to pay a lot of reparations to the allies to repair. I hope this helps :)
The correct answer is the United Provinces of the Netherlands (Holland). They founded the first Settlement of what would become the city of New York in 1625. In 1664 the colony was captured by the British Empire. The city was incorporated officially into the British possessions in North America in 1665.
The correct answer is B) Publising false, damaging information about people.
This is not protected by the first amendment right of freedom of speech. This type of speech can actually result in someone being sued. The spreading of false information about a citizen or elected official can be classified as slander. In this type of speech, an individual is trying to hurt the reputation of someone else by making false claims.
