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Government Over Regulation Of The United States

Better Essays
Camille Nelson
Kline
Honors English 10
10 April 2017
Government Over-Regulation The United States has slowly conformed to the new ways of the Western policy of democratic socialism in order to achieve equality in the eyes of the law, but with this the necessary regulatory compliance of all citizens must be provided. If all American citizens do agree to abide by the rules implemented by the United States, the freedom that they came here for would be nonexistent, and they would no longer have the ability to truly live the infamous ‘American dream’. The economy is also beginning to move away from the capitalist ways and move toward an ideology of equality among the wealth and incomes of the people, and the only apparent way to achieve
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Where government has gone beyond its limits is in deciding to protect us from ourselves” (Tanner 1). Joseph Stiglitz, a Nobel Prize winner, Chief Economist at Roosevelt Institute, best-selling author, and a professor at Columbia University explains the problems with the current economy in the United States in his book Rewriting the Rules of the American Economy. He explains that even though the one percent of the United States population is living a prosperous life, the remaining ninety-nine percent are being hurt by this reality (Stiglitz 8). From this it can be concluded that the regulations currently being pressed upon the majority of the population are hurting more than benefitting. Capitalism is defined as “an economic and political system in which a country 's trade and industry are controlled by private owners for profit, rather than by the state” (Oxford Dictionary 1). There has been a longing to find a balance between this and socialism. The laissez-faire is the commonly known economic idea of a government refraining from interfering in the free-market in order to allow the people to control their own means of production and selling of goods. This seems to be ruined by the over-regulation of the economy by the government because much of the US economic benefits rely on the free market. Also, capitalism allows for people to voluntarily take part in making their own wealth. Without this, competition among businesses would be gone and
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