Government and the economic condition of its society interact powerfully. Why?
Governmental community-centred principles are required. So this is where:should aim to benefit the community as a whole, which explains the « » qualifier. This is also why
Tensions generated by commerce often need something more than words. So inequalities may be targeted through «affirmative action», and social suffering may be addressed by redistribution measures.
● Progressive taxation
● Investment in public infrastructure
● Public expenditure for common goods
● Services that enhance equality of opportunity
● Safety-net services to maintain minimum standards of living.
The notion of «stakeholding» may be given prominence. Interventions may be directed at ensuring that all involved get a fair deal from commercial enterprise. «All» includes: ●employees, ●directors, ●customers, ●the wider community, ●investors.
Other Community-centred notions include giving priority to cooperation between management and unions; making intervention dependent on a consensus around painful choices; and setting up public-private partnerships.
powerfully affect people, and a good design is often possible.
Economic intervention often distorts markets due to political self-interest (e.g. payback to campaign contributors), or as part of pork-barrelling subsidies (e.g. to bribe an electorate), or as an assertion of ideology or geopolitical posturing. It often harms small businesses because of the political influence of big business. Interventions may also penalize savers and the prudent: who are the backbone of self-reliance and prosperity in the country. Sometimes intervention is a pragmatic response to a crisis : i.e. political imperatives rather than social imperatives. Despite looking good superficially, they aggravate the problem they are purporting to solve.
To this point, there has been government work on next three Levels remedy this deficiency by their orientation to the quality of any intervention., and , but no engagement at all with economic realities. The
Continue to getting better government interventions.