The declarations of the letter to the U.S. Congress by the economists concerning the bailouts are evidently specified the disagreement of the source of the letter about the GM bailout. The document stated that the bailout would disrupt the notion of free market in U.S. and that it will break the people who held in the free market (Velasquez, 2012). Also, the bailout and government interference will shift the free market economy into socialism (ibid). The economists and other parties which is convoluted in the making of the letter, sustained the free market economy. They do not approve on government interruption as it disrupts the mechanism of the market that is free of any interference particularly from the government. The sources of the letter thought that it was GM’s own accountability to bail itself out of the insolvency. The bankruptcy was a consequence of bad management of the company and it was its own accountability to resolve the matter. The interference by the government will move the market mechanism. The bailout will disturb the equal right of the people of life, freedom, and possessions as what John Locke’s notion. Furthermore, government meddling will also lower the public’s safety based on Adam Smith’s theory.
Roman civilization is associated with the Twelve Tables, an
extensive road system, and the poets Horace and Virgil. The twelve tables was
actually created in order to make a universal law for consistency. These tables
were actually created to protect a certain category of people like the plebeians
and patricians. These laws actually were made to protect the poor plebeians
from whom many rich people wanted to take away all the money. The road system
of the Roman Empire was also very extensively created for use of the Romans.
Developed as needed. I.E. Homeland Security after 9/11.
Soc. answer. as any group gets bigger, so the top of the triangle will to, so to bloated, too many people are paper pushers, and pencil sharperners.
