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?
As this is up to interpretation as the war hasn't progressed far enough to provide a clear answer, I am going to give the best / worst case scenario.
Best case scenario, Putin realizes that what he is doing is irrational and calls off the invasion, and Russia deals with the economic consequences.
Worst case scenario, Putin keeps pushing the war until foreign countries get involved, possibly triggering Article 5 of NATO, causing WWIII and most likely ending in nuclear war.
What I believe / hope is going to happen is that is becomes more of a cold war where there is no direct conflict outside of Ukraine and Russia / Belarus until Russia gives up.
Answer:
The answer is the second one
Explanation:
the chart explains it
Answer:
Explanation: In some adaptations of the novel, Diaochan is executed along with Lü Bu after Lü Bu's defeat at the Battle of Xiapi or killed herself with the seven star dagger after Cao Cao took liking to her.
Great Britain is the uppermost outlined box, below that is France, the 2nd to last one is United States, and the lowest one is The Netherlands.
