Presentation on theme: "Bryan Reid Nick Darty Tony Rosenzweig. Capitalism Capitalism is an economic system in which private people, not the government, own and run companies."— Presentation transcript:
Bryan Reid Nick Darty Tony Rosenzweig
Capitalism Capitalism is an economic system in which private people, not the government, own and run companies. In a capitalist system, private households need goods. They buy these goods from the income they have. Some households have more income than others. This is the type of economy we have
How governments regulate economy A government must make sure that there is enough competition to deep prices low, the quality products high. If only a few companies produce products they may agree to keep prices high.
Limits of Regulation When the government starts controlling parts of a free economy or a capitalistic like our own that’s when it starts pushing its limit full control is too far The balance is hard to find “that government is best which governs least” (on the duty of civil disobedience) So is there really a balance?
Since the recession began in 2008, attempts to grow and improve the economy have been studied and hotly debated ( m/opinion/blogs/econ omic- intelligence/2012/10/3 1/the-science-of- government- regulation ) m/opinion/blogs/econ omic- intelligence/2012/10/3 1/the-science-of- government- regulation
Inside Job CEOs kept all of their earnings when companies went bankrupt, with no penalties and no criminal charges.
Regulation of business Market Failure is an argument for the government regulation of business recognizes that a free market usually enables people to do the best that can be done. Advocates of the “market failure” approach contend that there are some serious exceptions.
Work Cited Page online.at/economy/capitalism/capitalism-market- economy.htm online.at/economy/capitalism/capitalism-market- economy.htm regulation-of-business-the-moral- arguments/#axzz2LZKdAX4V regulation-of-business-the-moral- arguments/#axzz2LZKdAX4V “On The Duty of Civil Disobedience”- Henry David Thoreau 1848 Inside Job (October 8, 2010)