Inca Government Intervention

What are the main reasons why government should take only a limited role in a market economy?

The expansion of the Inca Empire is a process that begins with the defeat of Chancas by the Incas. The Incas used road network covered more than 40,000 km and as well as allowing for the easy movement of armies.

Located on Andean Mountains, Inca stretched across Argentina, Peru and Chile. Throughout the empire, there were 3 distinct geographical features: The Andes Mountains, The Atacama desert, and the Amazon rainforest. Incas – also known as the Twantinsuyu ruled the largest pre-Columbian native empire. Close to the end of the 14th century the Empire began to expand from its initial origin, throughout Cuzco of the south of Andes, mountains of South America. By 1500 AD Incas had the largest population in the Americas, but its expansion came to an end with the invasion of the Spaniards.

Most Latin American countries have favored considerable government intervention in the economy from the 1930s to the 1980s due to the Great Depression. With authoritarian parties or military dictators, nationalism has been imposed and policies that create greater economic independence was favored. For example the import substitution industrialization (ISI) was created to reduce imports. The importance of this reform was to create jobs, export more, and make the items being produced more competitive to the items coming overseas. A leader that preferred this method was Juan Domingo Peron (Argentina). Juan Peron “resisted exports and insisted that industrialization was the only way forward” (Metoyer). Due to individuals like Perron, many authoritarian

water and air pollution, the rate at which we use energy and also the amount of gases emitted

The government intervenes in the free market for multiple reasons, the most important being: to protect private property and enforce contracts, to provide a stable money supply, to ensure competition among businesses by breaking up monopolies and prohibiting unfair competitive practices, to regulate industries with strong public interest, and to set minimum wage standards for wages and working conditions. (Page 221) As the national American economy grew, individuals and institutions sought greater government involvement in the

This means that government intervention is both good and bad. I personally believe that government intervention is 100% necessary for the Economy. I don’t agree with all of the rules and regulations that the government has passed, but without government intervention I believe the US Economy would become an inefficient market. My top reasons for siding with Government intervention are; 1) The government does its best to combat market inequities through regulations, taxation, and subsidies. 2) The government intervenes to promote general economic fairness. 3) The government maximizes social welfare through breaking up monopolies, regulating negative externalities such as pollution, etc. 4) Governments may intervene in markets to promote other goals such as national unity and

I believe the extent at which the United States Government is involved in its economy is the appropriate amount in which a government should control its nation’s economy. Its mixed, but nearly capitalist economy allows Americans to be successful. The United States government intervenes enough to give its citizens basic necessities by collecting taxes. By offering resources such as public education and healthcare, the United States government has potentially given every one of its citizens the opportunity to be successful. Granted, not every citizen will fully utilize these resources given to them for various reasons, but at least they were offered. Money as an incentive drives the American citizens and ultimately its economy to be successful.

These are just a few examples of how the extraction process of certain nonrenewable resources can impact the environment. However, this negative impact does not stop there. The factories and refineries involved in the production stage emit an astounding amount of pollution. They are one of the major contributors of greenhouse gases. However, these pollutants are also able to dissolve in lakes, rivers, oceans, and even in rain. Once in our water system, they are then able to propagate throughout the food chain, eventually working their way back to humans (Leonard & Conrad , 2010).

Every day, people produce millions of trash that are disposed in landfills which can cause water,

There are those who fully support the government being able to do as they please while taking away some free will of the people to ensure a better social environment for them. There are others who will never agree with government involvement claiming that it brings more harm than help, even in regulating the market. An argument discussed in our lecture, against government intervention in our economy involves government being liable to make the wrong decision and becoming easily influence by political pressure groups – leading to inefficiency. Advantages discussed from the government intervening includes: overcoming inequality issues and more importantly, overcoming market failure. Another example of an advantage of government intervention is through the promotion of social welfare involving public goods. Collective goods such as public parks aren't owned by one individual. Therefore, no price is assigned to the use of that good and everyone can readily use it. As a result, it is very easy for this “asset” given to the people to deplete. (Lecture) While we tend to focus more on the advantages and disadvantages of our government engaged in our economic policies, we forget why these decisions are made in the first place. The government intervenes to ensure that those resources are not exhausted; this government intervention is seemingly protecting the interests of our

Government intervention takes two paths: Political and Economic. Political arguments for intervention are stressed with protecting the interest of groups such as producers, within a nation. This is the opposite of a free market, where government does not apply protectionism which can be defined as “Government actions and policies that restrict or restrain international trade, often done with the intent of protecting local business and jobs from foreign competition with the use of influence quota, duties, subsidies, what its citizens can buy, produce and sell from another country“ (Investopedia, n.d). Free trade is not always good, increasing trade means higher transport usage, which leads to higher cost and also greater environment

There are constant news reports about pollution and how it’s destroying earth and how it helps the greenhouse effect on Earth’s atmosphere. There are many different sources of pollution, even some that may not seem likely to produce so much.

The world is a complex and intricate machine, with many pieces to create a much larger thing. Government and society are simply pieces of the same machine that depend on each other. Likewise, government and society have the option to liberate or limit the activities of men and it is a necessary occurrence of life. Government is dependent on society because social behaviors exists wherever there are good or bad, proper or improper relationships between human beings. Humans install government from their own belief that human behavior is “self-centered” therefore society requires governing. Likewise, government oversight is needed in the economy as well as in society.

Pollution is a term applied to any environmental state or manifestation which is harmful or unpleasant to life, resulting from failure to achieve or maintain control over the chemical, physical or biological consequences or side effects of human scientific, industrial and social habits (Feugo, 2008; Anderson et al., 2005). From another perspective, water pollution refers to any physical, biological or chemical change in water quality that adversely affects living organisms and makes water unsuitable for desired uses as a result of anthropogenic activities (Cunningham and Saigo, 2003; Anderson et al., 2005). Many human activities from water supply and sanitation to transport, mining and the chemical industry have the potential to pollute