Study Question #8 (1)
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Auburn University *
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3020
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Political Science
Date
Feb 20, 2024
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docx
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2
Uploaded by SuperHumanComputer13925
Poli 3020
Study Question #8
"Why does Roosevelt think that government is not necessarily the greatest threat to individual freedom? Roosevelt thinks that the government is not the biggest threat to individual freedom because the biggest threat to individual Freedom are the strong economic units called corporations that has allowed for 600 corporations to control 2/3 of American industry while 10 million small businesses share the other third What does this imply for the scope and role of government? This implies that the task of the government in relation to businesses is to assist in the development of an economic Declaration of Rights or an economic constitutional order. The government should only assume the role of economic regulation as a last resort and only when private initiatives such as assistance and balance has failed. Why does Berle think that laissez-faire is an outmoded approach to the economy? The laissez-faire approach is outdated because we can no longer rely on the economics
of balance to take care of human needs. The effects of organization will delay the forces
leading to a balance to an unmeasurable degree. Because of the credit system that is organized when the price of a product goes down everyone tries to produce more of the
item to get out of debt leading to Too Much Supply and not enough demand. it's become that only after the entire industry has become bankrupt due inefficient companies begin to go out of business but this process may take 15 to 20 years and it is during these years where the industry in general suffer from the effects of a disorganization and unsound condition. Why does he think that the government should redistribute income? He thinks the government should redistribute income because in order to keep plants going their house be customers and to be a customer the wage must be high enough and steady enough to enable and buy them Goods. but this is not possible if 80 million of the country's money Is in the hands of only 5% Of the country has the majority of it while the other 95% is left with the rest. Why do Berle and Means think that the concept of private property is outmoded
in the case of the modern industrial corporation?
In modern times the stockholders receiving the majority of the profits cannot be motivated by the profits for a more efficient use of the property. But since they are the owners of the land and the individual is protected to use his own property as he sees fit and to receive the full fruits of its use the system becomes outdated when the owners of
the land have surrendered all control over their land to those running the companies or the managers but the stockholders are the one who receives profit. the stockholders are
far enough removed that they are not able to truly use their property effectively.
What does this imply for the role of the market and the role of government?"
This implies a rule where the state or government is going to try to regulate the corporations but the corporations are becoming more and more powerful and will try to make an effort to avoid these regulations and at points even execute some form of control over the government
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