The idea of the government controlling the economy is one that many people have strong opinions about. Every day, we hear a new argument for and against this topic. In order to help you make your decision on what side of the fence you are on, here are some common arguments for and against government control of certain aspects of our economy:
Arguments FOR Government Control -Governmental agencies can better allocate resources than private companies -Governmental agencies can enforce fair trade practices -Governmental agencies can keep inflation under control
Arguments AGAINST Government Control -Increased costs for services provided by governmental agencies -Governments are subject to corruption just like any other organization -Governmental agencies are less efficient than private companies -Governments have a history of overspending and high debt levels, In the end, there is no easy answer to this question. Each individual must decide for themselves whether or not they want their government controlling certain aspects of our economy. The pros and cons each have their own benefits but it’s up to you if you think those benefits outweigh the negatives that come with them.
Arguments FOR Government Control: Governments can better allocate resources than private companies; governments can enforce fair trade practices; governments can keep inflation under control.
Arguments AGAINST Government Control: increased costs for services provided by governmental agencies; governments are subject to corruption just like any other organization; governmental agencies.