Pros and Cons of Government Intervention Essay - 894 Words

Objective This specific report addresses the pros and cons of how much government intervention in the marketplace is necessary and appropriate. This report will cover four authors, Cunningham, Green, Friedman and Pertschuk. The authors have written extensively on consumerism and the protection thereof. This author’s goal is to break down some of the theories, which authors seem akin in their beliefs and which authors’ views are bipolar opposites. Green states there be only should be two types of government regulations 1) economic regulations and 2) health and safety regulations. He states the only important pieces of consumer legislation to emerge from Congress in the past three years were the â€Å"Consumer Protection Safety†¦show more content†¦Friedman views the consumer as strong and is totally interested in efficiency. He does note however the FDA had done a good job of keeping us from harmful medication. The Cunningham’s objective of their resear ch was to determine how many individuals in various sectors of society know about the consumer protection laws and their rights as consumers. These were included, but not limited to false advertising, false retail advertising, credit regulations, credit cards, labeling, truth in lending and deceptive retail practices. These authors view the consumer relatively weak due to a lack of knowledge. They also feel the low incomes are no match for the sophisticated marketer. There these authors are interested in equity. The most important implication derives from the lack of information demonstrated by all income segments of the consumer sample. This situation suggests that what is needed is not more and tougher laws, but rather more information made available to ore individuals concerning their rights as consumers. The present research has demonstrated that one other variable is important: with the exception of a few areas of the law, both consumers and attorneys know very little abo ut their rights as consumers. This was particularly true in areas such as door-door selling, false or deceptive advertising, false or deceptive retail practices. More and better information concerning consumers’ rights must be provided to individuals of allShow MoreRelated Government Intervention in the Free Market Essay1125 Words   |  5 Pages It is not only unnecessary for the government to intervene to maintain a free market, it is extremely wrong. Intervention by any outside party in corporate matters is inappropriate and basically contradicts the meaning of a free market. There are some positive effects government intervention could produce. These pros are, in fact, few, and questionable, at that. Take for instance, the situation with Microsoft. The government is sticking its nose in where it doesnt belong. Lets try and get passedRead MoreFree Market Or Government Intervention1224 Words   |  5 PagesMuhammad Zharfan Bin Azhari Human Systems Paper 2 April 16, 2015 Free Market or Government Intervention In the 21st century, human and technologies are inseparable. In past decades, there has been an astonishing amount of development in modern world’s technology. Nanotechnology is one of them. This technology is based on nano-scale and it can be used in many different areas because of its small sizes. (Metchis). However, there is a huge amount of uncertainties on the hazards of nanomaterialRead MoreGovernment Intervention On Kazakhstan Oil Industry Essay1449 Words   |  6 PagesStudent Name : Tinglin Zhang Subject : Assignment : Essay Topic : Government intervention in Kazakhstan Oil Industry The world concerned problem today the energy problem. Among other reasons of its country is growing thirst for oil and gas made thus a matter of strategic energy security. Oil is the stratagem industry of the development of economy and society. With the development phase of Kazakhstan’s oil resources is speeding, the world big powers seek the benefits here, Kazakhstan becomesRead MoreGovernment Intervention On Kazakhstan Oil Industry Essay1535 Words   |  7 PagesStudent Name : Tinglin Zhang Subject : AFFIN102A Principle of economics and economic theory in practice Assignment : Essay Topic : Government intervention in Kazakhstan Oil Industry The world concerned problem today is the energy problem. Among other reasons of its country is growing thirst for oil and gas made thus a matter of strategic energy security. Oil is the stratagem industry in the development of economy and society. As the Kazakhstan’s oil industry is speeding developing, becoming oneRead MoreCapitalism And Its Impact On The Middle Ages954 Words   |  4 Pagesway to the middle ages where it was used as a practice of merchant capitalism. Since then it has been practiced in famous societies such as the Soviet Union. Capitalism is being used less and less to date. Like any economic society, there are pros and cons. Capitalist societies are huge proponents to economic growth. It offers things such as incentives, which allow for economic expansion. This is completely different to that of other societies such as communism, where there is essentially no economicRead More Preventing Juvenile Delinquency Essay1386 Words   |  6 Pagesrights than a n adult has. The same justice system cannot be used for youths. The other stakeholders are the parents. The parents have the primary responsibility for ensuring that their wards do not commit crimes. The other stakeholders are the government state, Fed, and local, which have the dual responsibility of protecting the community as well as rehabilitating the juvenile. The other stakeholders are the community. It is because of the demands made by the community that stronger action isRead MoreJohn Johnson s American Idealism And Realpolitik Critique885 Words   |  4 Pagespolitical battles in foreign countries, he brings forth the idea that the American government plays a vital role when it comes to mediating and facilitating conflict. Their importance can often be overshadowed by some opinions that the government, specifically the army, has over stepped its boundaries by intruding on countries and excessively becoming involved in hostility. Johnson notes that without American intervention, there would be cause for a considerable diminish in aid and possibly a rise inRead MoreControversy Has Become A Staple Part Of Modern Society.960 Words   |  4 Pagesprivate owned (N.p., â€Å"The Pros and Cons†). Furthermore, state-owned institutions had over 795,000-staffed beds in contrast to 118, 910-staffed beds for the private contingent (N.p., â€Å"The Pros and Cons†). There were 33.6 million admissions for public hospital, while 1.8 million admissions for private facilities annually (N.p., â€Å"The Pros and Cons†). The differences highlighted a growing concern regarding the disparity in how medical services are offered, with the government having to carry the burdenRead MoreAnalysis of Exxon Valdez Oil Spill Essay1737 Words   |  7 Pagesglobal proportions. Unfortunately, this tragedy could have been prevented. Lack of adequate safety efforts, enforcement, and regulations all played a major role in this truly catastrophic event. However, Prince William Sound’s remote location made government and industry relief efforts extremely difficult. The Alaskan community and the United States heavily criticized Exxon for their slow response to one of the largest environmental disasters of the century. The failed clean up left Exxon with severalRead MoreRemoving Barriers For Mental Health Services For Veterans826 Words   |  4 Pagesdischarge to receive Department of Veterans Affairs (VA) benefits. Critique of Policy Options To reduce the barriers for Veterans to receive appropriate mental health services the federal government can: 1. The United States Congress could remove discharge status as a prerequisite to mental health service eligibility. Pros: There has been 22,000 combat veterans that have received less than honorable discharges since 2009, for minor offenses like alcohol use or lateness. Research shows that these infractions