Thursday, July 10, 2008

Limiting the role of government to health, safety and opportunity.

The most efficient economies throughout history are the ones based on free market capitalism. This form of economy has proven to produce more goods for more people than any other. However left unfettered, this form of economics tends to benefit only the very fittest, and people who start out with opportunity, leaving the rest to depend on the good will of those at the top.

This is where the Government can participate in the economy; only where it can provide more opportunity for the widest group of people possible. The only exception to this is places in the economy that would be more efficient if every member of the society contributed, such as roads and various insurance programs, or where it is in the best interest of the people to have the absolute tightest oversight, such as the military.

For instance, Government can give an education to those who otherwise would not be able to afford it, thus give those people a real opportunity to participate in a free market economy. Government should not be in the business of providing services that do not give a wide section of people an opportunity to make for themselves.

Examples of government providing opportunity are; Roads, this provides all people a chance to travel and move goods and services from one place to another without having to be in any particular class or income level to do so, thus giving everyone a chance to go where they can make for themselves. Schools, if this service were implemented with greater efficiency and equality that it would ensure, at the very least, everyone has an opportunity to get a good education, which is an absolute prerequisite to participate in a competitive free market economy.

Examples of government programs that do not fit under these categories are; social welfare programs that are designed to raise the standard of living for their beneficiaries, i.e. programs that would provide money for people to get cable TV, telephone service or cars; tax breaks and subsidies for select members of the economy as this only serves the interest of the beneficiaries and usually leads to overproduction of a product to the detriment of maximum efficiency in our economy.

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