Lincoln Hay About Me Page at Helium

Sciences > Cultural Anthropology Pros and cons of economic globalization: 1 of 1

As Ronald Reagan said during his presidency from 1981-1989, “Government’s view of the economy can be summed up in a few short phrases. If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it.” This quote form one of the most prominent supply-side politicians of the twentieth century supports the idea of capitalism, an economic system based on profit motive, consumer sovereignty, the invisible hand, quality products for reasonable prices and competition. Capitalist nations tend to lower their trade barriers in or...
More..