The free market system is becoming more and more popular across the world even as it is under attack here in the United States. You can even see China starting to realize the benefits of the free market system.
Supply and demand are the main driving forces behind this type of system. Supply and demand works like a set of checks and balances. When the demand for a product over shadows the supply, the price of that product will shoot up. When the supply outweighs the demand, the market will correct itself and prices will drop.
The best part about this type of market system is that consumers are free to buy anything they want and are not forced by the government to buy anything they don't want. The producers of goods can manufacture whatever they want and are free to wildly succeed or fail. That is what has made America the richest country in the world.
Critics will argue "what about the poor"? The truth is that our poor are better off than a large majority of the rest of the world's population and that have the opportunity to succeed as wildly as they have failed. The government isn't there to lift them up or hold them down. In fact, government programs such as unemployment benefits and food stamps only act to make people comfortable in poverty. The only way to reverse this is to make them uncomfortable in poverty so they will do something about it.
Don't get me wrong, I feel strongly that we as citizens of the United States of America have a responsibility to help out the less fortunate. The more successful we are the more we should help out. However, it should be on a voluntary basis, not forced by the government. The government is wasteful and inefficient.
President Grover Cleveland understood this very well. During his presidency there was a huge drought and the farmers in Texas lost all their crops. A plan was presented to him about the government coming to the aid of these farmers. Not only did he veto it, he strongly scolded those in favor of it and reminded them that it was not the government's responsibility to bail these farmers out. He pointed out that it was the responsibility of their fellow man to help them.
President Cleveland was right as millions of dollars of support poured in to these people with very little waste. The most surprising thing may that President Cleveland was a democrat yet still understood the importance of limited government.
Dustin has been writing online articles on a variety of subjects for years. He also operates several websites includingWooden Folding Chairs and Cheap Folding Chairs Article Source: http://EzineArticles.com/?expert=Dustin_S_Kerr |
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