<u>Effects of laissez-faire capitalism:</u>
- Laissez-faire capitalism allows companies to compete freely with each other in an open marketplace.
- Without costs of government regulation, businesses can grow faster.
- This leads to price increases for the consumer and the lack of diversification in the marketplace.
- Without restrictions from the government, there is more incentive for innovation, and technological advances can take place.
- This can result in a large wealth gap in a society with a few very rich people in control of the majority of the economy's wealth.
- Capitalism (or laissez faire) feeds and clothes and houses more people at higher levels than any other system.
- Workers have more rights, and have a comfortable work environment.
- Lots of government involvement and regulation raises cost and slows growth.
Question 8 - Although it remains a serious issue, poverty results in very few deaths worldwide
The poverty is one of the biggest problems in the world. It is present pretty much everywhere in the world, though the highest poverty rates by far are in the less developed countries. The people in this countries are so poor that they often don't have food and water, yet alone to be able to pay for medical care. This often results in death from starvation, lack of water, of from deadly diseases. Tens of millions of people each year die because of poverty.
Question 9 - AIDS
The advancements in the medical field have contributed to control of some diseases that were deadly in the past, or total elimination of them. But the medicine has limited power, and it is not almighty, and one of the disease that it can not cure, but only partially regulate is the AIDS. The AIDS is a relatively new disease, starting off less than a century ago. It spread out very quickly though, as one of the easiest ways for it to be transmitted is through sexual intercourse. It affected people from all over the world, from all races, from all backgrounds and social hierarchies. Tens of millions of people have died from it, and every day there are tens of thousands newly infected, mostly in the less developed countries, having their lives doomed even before they start as most of them get it from their parents when they have been conceived.
During World War II, the United States and the Soviet Union fought together as allies against the Axis powers. However, the relationship between the two nations was a tense one. Americans had long been wary of Soviet communism and concerned about Russian leader Joseph Stalin’s tyrannical rule of his own country. For their part, the Soviets resented the Americans’ decades-long refusal to treat the USSR as a legitimate part of the international community as well as their delayed entry into World War II, which resulted in the deaths of tens of millions of Russians. After the war ended, these grievances ripened into an overwhelming sense of mutual distrust and enmity.
