Undergraduate /
Which essay idea seems to be best. [16]
Well, it seems you misunderstand my purpose then, though it might be my fault. I'm discussing Laissez-Faire, it's the main idea. I'm just pointing out times when it's not the correct policy.
"...there are times, especially in periods of recession such as now, when government intervention in business is necessary to protect the economy."
to
"though Laissez-faire's freedom is favorable in most situations, there are times, especially in periods of recession, when government intervention in business is necessary to protect the economy."
I'm not really jumping from one to the other. I'm just transitioning from a little introduction about Laissez-faire to reasons why it is sometimes necessary to implement a different policy. The last paragraph isn't a heads-up to Laissez-faire, it's the conclusion.
Edit:
Long ago, mankind must have discovered the meaning of value. Along with this discovery, they must have realized that some things are better kept while others can be bartered away for things of similar value, and so the age of possessions and trade began. The leaders of the time might have attempted to regulate this trade, either for avarice or for altruism, and might have encountered the consequences and benefits of either dictating it completely or letting it be, a policy known as "Laissez-faire." The significance and use of this policy has intrigued me before I even knew what the word meant and has continued to interest me in the dealings of business today.
As a little boy, I fancied exploring, and sampling when unnoticed, the wares of my parents' quaint little shop. It was installed in the first floor of our humble abode, facing the dirt road. In some odd attempt to pin prestige to the store, my parents named it the Erap-Erap Store: Erap is a nickname of the now-former President of the Philippines, Joseph Estrada. My parents fooled me into thinking that Estrada himself sponsored the store and even dropped by for occasional visits when I wasn't there. Childhood curiosity still intact, I had thought of how this affected our store: Is some of the money going to our president? Does he choose the things we sell? Did he know that I sneaked some candy off the shelves? They were simple questions, a first-grader has few worldly concerns, but those elementary questions form the basis of most questions regarding the government's role in the economy: Should the government regulate prices? Should it regulate the quality of products? Should it be involved in the development of businesses? As I grew, the complexity of my questions and my interest in the matters of business grew, along with my concerns about the policy. Especially frightening to me is the close-mindedness of people who believe that Laissez-Faire is always the correct policy; though Laissez-faire's freedom is favorable in most situations, there are times, especially in periods of recession, when government intervention in business is necessary to protect the economy.
A global recession is ravaging the world market leaving behind a trail of unemployment, economic stagnation, and forsaken lots full of brand new Toyota Corollas: a horrid sight. The world governments, desperate to effect change, have pumped hundreds of billions of dollars into their economies, hoping that their engines would start and drive them forward once again. Such actions are blasphemy for supporters of a Laissez-Faire policy; however, it is crucial. Without government funding, businesses would be forced take drastic measures to prevent bankruptcy. In prosperous times, Laissez-faire produces a diverse market driven by healthy competition.
Laissez-faire is the heart of capitalism. I've felt its influences as I walk on my home, a McDonalds tempting me with its prices while a Burger King seduces me with its larger portions. I've always wondered how the world would be under a different policy: streets lined with colorless businesses lacking competition.