The Inadequacy Of Free Enterprise

The United States is known for having a free-enterprise economy where a business can be conducted freely without government involved. In free-enterprise economies, goods and services are traded openly and are produced depending on the demand. People who support this type of economy believe it motivates businesses to make money and welcome new ideas. An important part of the economy is to have full employment and low inflation.

Bill Gates is the richest man alive he owns microssoft, with the help of free enterprise that why its so essential to have hen trying to create a buisness.Functioning of national economies and the world economy is based on economic resources or the factors of production – natural, labor, capital (in the form of real capital, in the form of means of production, and financial, cash), scientific (scientific, technical, informational knowledge) and business ones.

Yes, Free Enterprise was necessary for this individual to make an impact on the business world, why? I'll tell you in my opinion. Bill gates, hall of fame is the CEO of Microsoft corporation. In just 25 years, a two man operation was built, worth millions of dollars. Microsoft is the largest software company in the world. Bill accomplish his work, not by creating new technology but by using existing technology. Free enterprise is a big charity and is better for the lives of people argue bill gates. Becoming wealthy in the free enterprise involves mass production for mass material consumption. Entrepreneurs are rewarded by the Free Enterprise. Free Enterprise leads to a social cooperation and produces international peace. In the 19th century

However, after the CPP came into effect, Pearson had changed their low status into a higher one. This pension plan compelled workers to save for the future and thus allowed the senior population of workers to live a prosperous life with guaranteed income. With more money, seniors could maintain the possessions and assets that they had prior to retirement and not have to give them up due to their impoverished situation and need for more money. Likewise, they would not have to sacrifice as much of their daily habits and pleasures because they could not afford to partake in them. However, seniors were not the only individuals who experienced positive change because of this plan, so did the workers themselves. Employees felt a sense of safety and satisfaction when going about their lives since they knew that their financial future was more promising than bleak. With this plan, Pearson subdued most of the anxiety that workers would experience when contemplating their future by forcing them to constantly secure their own future. Thus, based on Lester B. Pearson’s contribution to the making of universal healthcare in Canada as well as the Canadian Pension Plan, it can be concluded that Pearson positively changed the health, mental and economic well-being of all

As you may know there are two types of pension plans that are most commonly used: a defined contribution plan and a defined benefit plan. “A defined contribution plan sets forth a certain amount that the employer is to contribute to the plan each period (Schroeder, Clark, & Cathey, "Pensions and Other Postretirement Benefits," 2011). “A defined benefit plan specifies the amount of pension benefits to be paid out to plan recipients in the future. Companies that use this plan must make sufficient contributions to the funding agency in order to meet benefit requirements

The purpose of this paper is to investigate the creation of the Ontario Retirement Pension Plan and to argue that it is a necessary and potentially effective way to ensure that workers in the private sector in Ontario will be able to retire and live comfortably. This conclusion is not made lightly as it is import to view any broadening of government influence through the most critical of lenses. However, there is an increasing need for Ontarians to save for retirement and it is becoming more and more apparent that private pension plans will not be able to meet the needs of most people. This is because too few people have private pensions and the once that do exist sit on volatile ground.

Canada’s acceptance of the welfare state was brief however, and the economic downturn of the 1970’s, as well as right-wing campaigns calling for an end to social programs saw massive cuts to the social safety net so many Canadians depended on (p.46). It was believed that to combat economic stagnation and see a return to profits, many social programs must be eliminated. During the 1980’s and 1990’s government spending on social programs was drastically reduced, effectively dismantling much of the welfare state (another book).

f Health Care in Canada focuses on how the health care system in Canada was once viewed and how it is viewed today. Medicare was transformed throughout the years and this article describes what has gone wrong in the system. The author explains the culture of the Canadian health care system and how it is divided between two governments: the federal government and the provincial government. The author explains the issue of privatization in the Canadian health care system and details the three factors that have contributed to the issue. These factors include: the ethical basis, the extensive government reinvestments have not helped the system, and the increase in new forms of privatization. The article debates whether new forms of privatization are improving or worsening the current Medicare system and summarizes what the future of Medicare holds for the Canadian health care system.

Canada and the United States healthcare systems once nearly identical until the late 20th century after Canada adopted Medicare. At the same time, the United States executed its Medicare program for elderly people. In this paper, I argue that although Canada has a national insurance program and has a better health care system than the United States, there are still some issues that need to be addressed. (book)

Richard McCandless had a long career in the highest levels of government finance in British Columbia. From 2004 until his retirement McCandless was the Chief Information Officer for the provincial government and built a deep understanding of the inner workings of two corporations, ICBC and BC Hydro. In retirement Richard McCandless has continued to take an interest in public policy issues and enjoys research, analysis and exposition of policies that are difficult to understand and often obscured from the public and the press.

As a senior policy analyst, I would purpose that the Government of Canada take steps to educate citizens about the importance of individual household fiscal responsibility, and having a personal retirement fund. I would also suggest creating an incentive that gives major employers a tax break, in exchange for providing their employees with private sector retirement and pension plans.

In a recent article from the Wall Street Journal (2013, October 6), Detroit's bankruptcy is forcing the city to look into suspending or changing pension plans for firefighters and other government workers. These unfunded pension plans totaling close to $574 billion are wreaking havoc on budgets. Managers have to be concerned with the budgets of their companies. Additionally, managers are going to have

The changes to Municipal Police Pensions in Nova Scotia are in NOT in the public interest because this will create an unnecessary burden. If pension plan does change the people will have to pay more from their income to pay for the Municipal Police Pension Plan. The citizens were unaware of this sudden change in pension plan and the public is directly opposing the decision. The general interest of a municipal government is the happiness of its members but in this case the municipal’s decisions are causing psychological and financial harm to the members.

A pension policy for the province of Ontario is being discussed, in an attempt to make it more effective or being readily available. The existing issue is how it functions in low interests rates and low returns in equity markets. Also, the low participation in such plans is failing the system as a whole. It is important the government to protect workers in the private sector; as it is noted one-third of the paid workforce in 2005 was in a registered pension plan. Canada lacks when it comes to voluntary employer-sponsored pension plans and tax-assisted programs, like the TFSA, who must improve their services. The current pension plan fails to accommodate for private sector workers that are provided with no other occupation-related pension program other than the CPP. Many of the solvency funding rules are still adopted from the Ontario Pension Benefits Act in 1966. The voluntary participation system has failed in Canada. The government must change into a compulsory contribution system for it to achieve the sufficient accumulation of assets. It is of concern that “nearly two thirds of private sector DB pensions plans operated either closed or frozen plans”. All pension plans should be based on individual circumstances, but currently the system lacks in regulating. The other main issue is low household saving rates that are misbalancing pension funds reserves. Many politicians are focusing on the type of pension scheme to use, instead of finding a way to increase the level

The Free Enterprise system is a type of economy where products, prices, and services are determined by the market instead of being determined the government. Free enterprise refers to an economy where a businesses is free from the government’s control. There are five main principles of the Free Enterprise System. These five parts are, the freedom to choose our businesses, the right to private property, the profit motive, competition, and consumer sovereignty.