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Buy American Act Research Paper

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Buy American Act Research Paper
Assignment 4
Buy American Requirements

Kristin Velix
Bus315
Strayer University
Saturday, August 9, 2014
Introduction
In our first assignment we described the creation of the new company “Remote Control Unlimited.” Remote Control Unlimited builds navigation systems for drone and regular airplanes, for the government, public and private enterprises. VectorCal is our major competitor, but as a research and development company as well as aerodynamics defense contractor we are far ahead of VectorCal. One of those reasons is our contracts manager utilizes the Buy American Act, and knows how to use the Buy American Requirements to our advantage, and in doing so putting American people to work, using American products to build our navigation …show more content…
The purpose of capitalism is to make money, on the other hand we believe that the free market has not failed, it is not morally bad, and in fact serves deep human values. In this paper we are discussing the implementation of the Buy American Act and its consequences. This Act may seem contradictory to a free market system, where there is free competition of suppliers and buyers, but in the end, this Act would protect domestic products and build manufacturing stronger in the U.S, and of course create more jobs for the economy to thrive. The Buy American Act wants Americans working in the manufacturing plants, and to have those plants located in the United States, which is totally against the capitalistic ethic, but I believe is all American. This Act also provides more benefits to the country besides the economic benefits, but builds more independence and solidarity of our global economy and economic dominance all over the world. In fact financially the U.S. would be the one to provide services to other countries, creating revenue for our country instead of another. The main purpose is to be a stronger and more globally competitive player in the world market. This law would protect our production systems, since there is no foreign participation in the production processes. In turn Remote Control Unlimited and VectorCal would be ensured participation in these contracts, and this would provide competition and creation of more jobs, adding more weight to our domestic firms and to national
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