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Question
- the following ideals are the values upon which america was founded. they are reflected in our founding documents. americans accept these as things to which we should aspire as a country. pick an ideal and explain if laissez - faire economic policy brings america closer to achieving it or further from achieving it. a. equality (all people are treated the same) b. rights (certain political/economic conditions are guaranteed to all people) c. liberty (freedom to think and do what you want without unnecessary restrictions) d. opportunity (chance to pursue your hopes/dreams) e. democracy (govt with power that resides in the people)
Laissez - faire economic policy emphasizes minimal government intervention in the economy. If we consider the ideal of equality, in a laissez - faire system, those with more resources and better starting positions may gain more, potentially widening the gap between the rich and the poor and making it harder to achieve equality as all people are not treated equally in terms of economic outcomes. For rights, while it may promote certain economic rights like the right to own property and conduct business freely, it may not guarantee social and economic rights equally for all, especially for the disadvantaged. Regarding liberty, it can enhance individual economic liberty but may lead to situations where the powerful can restrict the liberties of the less - powerful. For opportunity, those with less access to resources may find it difficult to pursue opportunities in a pure laissez - faire system. In terms of democracy, the power of large economic entities may overshadow the will of the people in a laissez - faire scenario.
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For example, if we pick equality: Laissez - faire economic policy brings America further from achieving it. The lack of government intervention can lead to unequal distribution of wealth and resources, with the rich getting richer and the poor having fewer opportunities to catch up, thus violating the principle that all people are treated the same.