The Liberal Belief on the Economy:
Favor a market system in which government regulates the economy. We need government to protect us against big businesses. Unlike the private sector, the government is motivated by public interest. We need government regulation to level the playing field.
The Conservative Belief:
The free market system, competitive capitalism, and private enterprise afford the widest opportunity and the highest standard of living for all. Free markets produce more economic growth, more jobs and higher standards of living than those systems burdened by excessive government regulation.
Just my opinion
ReplyDelete"A free and competitive market allocates resources in the most efficient manner. Each person has the right to offer goods and services to others on the free market. The only proper role of government in the economic realm is to protect property rights, adjudicate disputes, and provide a legal framework in which voluntary trade is protected. All efforts by government to redistribute wealth, or to control or manage trade, are improper in a free society."