Over the years and with the constant evolution of society, it is normal for some of the rights of humanity to be reformulated and even replaced by better rights and more consistent with the well-being of society.
As seen above, the Mosaic Law "an eye for an eye, a tooth for a tooth", stipulated that an individual had to pay their crimes in the same currency. Thus, if a person killed someone, they should be punished with death. Currently, this concept is completely replaced by basic human rights that are defended by the "Universal Declaration of Human Rights", which states that everyone has the right to life and security, regardless of their crimes.
The available options are:
(1) Economic competition is inefficient and wasteful.
(2) Strong labor unions are essential to the health of the economy.
(3) Natural resources belong to all citizens and should not be used for private gain.
(4) Concentrating economic power in the hands of a few individuals is a threat to the country.
Answer:
Economic competition is inefficient and wasteful
Explanation:
The statement best describes an attitude shared by John D. Rockefeller, Andrew Carnegie, and J. P. Morgan is "Economic competition is inefficient and wasteful."
This is evident in the fact that all these three aforementioned wealthy Americans were popularly known for their tendency to develop any form of monopoly in their various business industry.
To them, the existence of economic competition leads to inefficiency. Hence, they always prefer to eliminate the competition, before committing massive investments for the needed growth and development, instead of outwitting the competitors.
The response was that the government should not interfere with the market since it would ensure the prosperity of everyone in the long run.
The 19th century was known for government wanting to meddle in the affairs of the market because the second half of the century, after the civil war, marked the beginning of the reconstruction and the beginnings of the progressive age when the government wanted to meddle in the market and protect the workers who unionized more and more.
