Wednesday, November 13, 2013

Garrett Elderkin (Adam Smith)

My name is Adam Smith. I believe that the European industrial revolution did not positively impact all of the citizens in a positive way. I believe in the idea of laissez-faire economics, or that the government should stop trying to tell businesses what to do. I want the country to have an "invisible hand" economy, which basically means competition and consumer choice tell businesses what to do. Currently the government has the opposite of a laissez-faire economy, they are telling farmers that they can no longer live and farm on their land and that the land now belongs to the government. They are being told what to do by the government decreasing the amount of businesses that there are. The people being told that they can no longer live on their land are not being effected in a positive way. If you ask me I believe that a little competition in the economy could have a great benefit. Competition in the economy would mean that everyone would have to work harder to make their money, and if they wanted to make more money they would have to employ more people, more people being employed would mean more money into the government which would eventually lead to more people in the society being happy.

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