Arra Paper

The American Recovery and Reinvestment Act Pros and Cons
Thomas Bagwell
Mr. Dupree
POLS 102

Introducion
America is a capitalist society, but the government often steps in to try to fix things. As the economy collapsed, a super step was do with the American Recovery and Reinvestment Act of 2009. It is debated whether this stimulant package was effective or not.
capitalist economy
Our society is found is based on capitalist economy. Capitalism is a free market exchange. This is organism able to come up with ideas and products and freely sell them. Capitalism involves less government control. The government doesnt monitor everything that goes on within the market, they just set up the guidelines. The guidelines cover safety, environment, monopolies, etc.
Capitalism is based on ind 760-605-0949 ividuals rights of freedoms. This allows peoples to buy and sell concord to their will. Laissez-faire means hands off. The government is required to impart the market alone and allow the market to achieve its scoop out products by taking gondolae of itself. Government control principally negatively affects the market.
merchandise Darwinism, a term described by Herbert Spencer, is survival of the strongest company. The best company survives, creating the best product for the eocnomy.



For example, the recent car bailout of Chrysler, Dodge and Ford didnt allow some other company to fill the space they would have left. According to Market Darwinism, the new company would have been superior and able to profit the economy. Instead, the tax payers were left with a debt and a stagnant car industry. The government took partial control of these car companies, causing an onset of the rights of capitalism. When the government begins to control the market, it is no longer capitalism it is socialism.
scotch Collapse
The financial and housing market collapsed in 2006. Faulty loans made it impossible for borrowers to repay their loan. A faulty loan is a loan with an unfixed rate, which...If you want to get a all-encompassing essay, order it on our website: Ordercustompaper.com



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