One reason why the Conservatives won is there Stop-Go economic policy. Although the policy itself was bad the Conservatives engineered it by making it a go period when the election came round. They did this by ‘electioneering’ the Budget and cut income tax, purchase tax and the duty on beer. This made the public feel like the economy was good as most of them vote with their wallets they voted Conservative. The Labour economy policies are also a reason why they lost.
Radicals believe that capitalist profit from consumers, who are being exploited. In relation to the bill, radicals would say it’s the capitalist who are destroying the environment and disregarding human presence all in the name of profits. Radicals would approve of the bill as it would put an end to exploitation. But it does not completely comply with their views. A radical solution doe not exist in a capitalist society, but can only work if capitalism no longer existed.
Paul Ryan’s fairytale budget plan is written by David Stockman. Stockman argues in his perspective on Ryan’s future budget plan. Stockman begins his view towards Republicans government. He blames the Republican Party that runs capitalism for the country’s increased debt. If the big government cuts of taxes for the “job creators,” it will have no positive effect on the economic status, but will decline and collapse eventually.
However, other reasons also played a part. Concern over national security also played a part in persuading the Government that reforms were needed. It could be argued that British politics almost revolved around national efficiency and responding to the industrial and economical threat of Germany and America consequently leading to the reforms. The new Labour party promised social reforms and the Liberals were worried about losing votes. The Liberals knew they had to find a way of keeping the working class votes.
This is why I have decided that when I move to Grande Brittney, I will vote for the Rory Party in elections. The Rory Party is a center-right party and generally doesn’t talk about social issues other than that of fighting crime, which is very important to me. The Worker party, the other main political party in Grande Brittney, is a center-left party, and very individualist on social issues. The Worker party cares more about welfare spending than does the Rory Party. I would choose the Rory Party because they are the closest equivalents to the Republican Party in the United States and they stress tax cuts for the rich and more privatization of social services.
Of course, those already in power bitterly resent this; that is why there is such a strong anti-democratic streak in wealthy conservatives and business owners. They complain that democracy allows the poor to legally steal from the rich. (Liberals counter that unregulated capitalism allows the rich to exploit and therefore steal from the poor, and taxes simply correct for that.) But democracy also works in the other direction as well. If we lived in a society where everyone was paid equally, despite their different inputs, people would surely vote to create a system of incentives and rewards.
This would limit the government spending. Looking at the current proposal of increasing taxes as an intervention on behalf of the upper income or wealthy would not be acceptable. Their policy would be for the government to spend more and try to prevent any more deficits. In the past, Classical economists and Keynesian economist were in debate .The Classicalist’ laissez-faire policy approach back in 1929 during the Great Depression, did not work. In President Roosevelt’s time, during World War II, Keynesians’ approach pulled the economy out from the Depression and ultimately improved the
They both entered office with a declining economy on the brink of recession and their main aims were to secure the country’s wealth. Both Reagan and Thatcher sought to become financially stable economies and both achieved this largely by cutting income tax rigorously making it very difficult for any following administration to raise it thereafter. It was a noteworthy strategy of both administrations to reduce the power of the government. They did this by privatising nationally owned enterprise, dismantling the welfare state and reducing the power of the unions therefore transferring economic power form state back into private hands. Neither managed to curb public spending totally but they did manage to change attitude towards it which transferred to subsequent governments.
While at a glance each of these programs may seem harmless, Dr. Spencer illustrates why he believes America’s economy is declining because of the current system. Dr. Spencer states,” The most useful role of government in the economy is to make sure people –especially companies and businesses-play by the rules.” Anti-trust laws for example provide rules that prevent monopolies in the market. Many of the programs the government enacts stall the natural effects of supply and demand that drive a free market and are in fact monopolies. As is
A strong believer in rugged individualism, Hoover did not think the federal government should offer relief to the poverty-stricken population. Focusing on a trickle-down economic program to help finance businesses and banks, Hoover met with resistance from business executives who preferred to lay off workers. Blamed by many for the Great Depression, Hoover was widely ridiculed: an empty pocket turned inside out was called a Hoover flag, the decrepit towns springing up around the country were called Hoovervilles. Franklin Delano Roosevelt, the rich governor from New York, offered Americans a New Deal, and was elected in a landslide victory in 1932. He took quick action to attack the Depression, declaring a four-day bank holiday, during which Congress passed the Emergency Banking Relief Act to stabilize the banking system.