top-rated free essay

Unit 3 American and Materialism

By vlopes10 Jan 25, 2013 403 Words
Discussion topic #1: The 1960s represented an era of significant economic growth for Americans. Some economists argue that the early 1960s began the consumerism that defines American culture today. To what extent did American materialism -- that is, the beliefs in the accumulation of personal wealth -- make Americans afraid of communism? The chances of a communism in America were extremely small; Americans loved their democratic capitalist government. They would have not traded it in for being communist. In reality we as Americans are consumed by things we see and hear on TV, by what we see our neighbors have, and by what many people think is important in life. Materialism is a huge problem in this country. It appears to get worse as technology increases and new gadgets are invented and easily obtained; but because some people become obsessed with having and they lose self-control of it. Discussion topic #2: Based upon your reading materials for this unit, do you agree or disagree that more government intervention is needed in the capitalist system? Please justify your response with concrete examples. Yes, there should be government intervention in to capitalistic system with some extent. I my opinion markets cannot exist without a government to protect property rights, enforce contracts and settle disputes all of which is intervention. This would benefit the economy in variety of ways. Firstly, government regulations allow businesses to remain in the private hands while removing some of the worst abuses of pure capitalism. Extremely wealthy people or companies have the ability to control large sections of the economy because smart business dealings. Only Government involvement can fix that. When a producer has a monopoly, the consumer is no longer autonomous, prices are not set by supply and demand, and therefore the system cannot function effectively. As a mixed economy there is competition between companies but we need government regulation to ensure that these types of monopolies do not exist. A safe amount of government intervention would result in higher incomes, production and employment, which would then lead to expansion. Limited government involvement prevents crises such as inflation, unemployment and depression. Without government the strong will take what they want from the weak and there will be no reason to voluntarily exchange good and services which is the sole purpose of buying and selling. (Harrison, chapter07). Harrison, Brigid C. and Thomas R. Dye. (2008) Power and Society. Cengage Learning. Mason, Ohio

Cite This Document

Related Documents

  • Unit 3 p6 offered to the market to satisfy a customer needs and desires. Product include physical goods, services experiences, events, person, place and etc. It is therefore the combination of goods and service that are offered to the target consumer. A business will constantly change and update its product range and mix to constantly please their cust...

    Read More
  • unit 3 distinction 1

    ...organisation. The promotion has gone from few points for vouchers to customer competition to gain the most points for bigger offers in return. The scheme now has its own mobile app which allows the customers to view how many points they have and what they can trade them for. This is effective as it means the promotion is more accessible to custo...

    Read More
  • unit 331 outcome 3

    ... Unit 331 Outcome 3Understand how to monitor children and young people’s development and interventions that should take place if this is not following the expected pattern. 3.1 Explain how to monitor children and young people’s development using different methods. There are numerous different methods of monitoring including: obs...

    Read More
  • NVQ 3 Unit 302

    ... Unit 302 Task A Guidance You are going to be a mentor for a new social care worker as part of their induction process. Part of your role is to help them prepare for the review after their probation period. Ai Create a guide for the new social care worker about how to reflect on their practice. The guide must include the hea...

    Read More
  • unit 302 learning outcome 3 3

    ... Method Advantages Disadvantages Uniform Advantages having all pupils in the same uniform gives the students a sense of belonging and reduces any teasing from other children and families comparing the families financial status. Outsiders can identify clearly that a chi...

    Read More
  • HSC Level 3 Unit 1

    ...Harriet Green: Unit 1 Promote communication in health, social care or children’s and young people’s settings Unit number: J/601/1434 (SHC31) Credit: 3 Guided Learning Hours: 10 Level: 3 Learning outcomes: Outcome 1 Understand why effective communication is important in the work setting 1.1 Identify th...

    Read More
  • cache level 3 unit 8

    ... E1 gyg E2 There are many different family structures in today’s society. The differing types of family structures can be beneficial for children as it is important for children to have families who they can depend on. Here is an image mentioning a few of these: Within these family structures, there are ...

    Read More
  • unit 56 hsc level 3

    ...Unit 56 Move and Position Individuals In Accordance with their Plan Of Care. 1.1 Outline the anatomy and physiology of the human body in relation to the importance of correct moving and positioning of individuals. The muscles in the human body are attached to the skeleton, when each joint is moved the muscles act like hinges to pull ...

    Read More

Discover the Best Free Essays on StudyMode

Conquer writer's block once and for all.

High Quality Essays

Our library contains thousands of carefully selected free research papers and essays.

Popular Topics

No matter the topic you're researching, chances are we have it covered.