Thursday, October 8, 2015
Snook, Ingrid, Chapter 4 Question 2
It seems to me that the issue of the government brought up in this chapter could have short term and long term, both positive and negative, consequences. With the government controlling so many parts of society, some necessary but some really unnecessary (like the postal service talked about in this chapter) the nature of friendly business competition can't be there. The government also interfering with market flow can be detrimental in the short run. With their interference comes a lot of extra costs, but it also keeps bad entrepreneurial situations at bay which can be beneficial in the long run. In the end, it seems like what would work best is a middle ground with government involvement but that's hard to agree on.
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