Interacting-for-Benefit > Government & Prosperity > Poltico-Economic Dilemmas > Government v Wealth-creation

Government v Wealth-Creation

Ethical Conflict of Interests

The ethics of government intervention in the economic life of a society flows from the psychosocial reality that: all energy and creativity in regard to generating wealth comes from productive individuals in society.

ClosedTo Repeat the Obvious

So governments are pushed in two ways by their own interests:

More on the 7 types of ethical choice.

Styles of Individualist and Communalist Choice

Closed THEE Note: 

■ The first four levels are individualist:

L1 (4α): In valuing commerce and enterprise, society’s economic activity sustains governments i.e. governments depend onClosed entrepreneurs and productive individuals to produce wealth for them to tax and spend.

L2 (4β): In enforcing laws and regulations, markets can function well so that society’s economic activities constrain governments i.e. markets produce outcomes thatClosed put limits on what governments can do or claim, which is one reason why governments continually distort the workings of markets.

L3 (4γ): In adapting capitalism, society’s economic activity differentiates governments i.e. governments differ becauseClosed of the particular beliefs/values/principles that are promoted within their society.

L4 (4δ): In intervening strategically, society’s economic activity integrates governments i.e. government interventions meanClosed that the government itself becomes a crucial part of society’s economic processes, and individuals must understand and handle government participation as best they can while they strive to prosper personally.

■ The next three levels are communalist:

L5 (5α): In attending to their citizens and caring about local industries, a government sustains economic activities within society; i.e. governments desire thatClosed economic activity and employment should be continuous and not disrupted; and wish to avoid widespread insolvencies and bankruptcies.

L6 (5β): In evaluating economic performance, a government constrains economic activities within society i.e. the types of analysis performed and information released affectClosed what individuals and the government will do and so shape or limit choices taken in response.

L7 (5γ): In facing economic realities, a government differentiates economic activities within society; i.e. governments have options in what is facedClosed that differentially affects supporting or inhibiting particular types of economic activity e.g. trading, saving, expanding, investing, lending, borrowing, planning &c.

All posted material is part of a scientific project and should be regarded as provisional. Visitors are encouraged to think through the topics and propositions for themselves. Copyright © Warren Kinston 2009-2016.
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