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[12] Jimmy: Governmental Regulation I agree with Hans in that capitalist society is set up in
such a way that capitalists have to expand production. I do
not agree that it can't have limits. We live in an ever
expanding world with an ever expanding population.
Production must go forward, but it shouldn't get to the
point where we are endangering our own lives with pollution.
I don't agree with Hans' statement, “The economic system
they[capitalists] are in forces them to be reckless against
the environment, and to externalize as many costs as
possible.” None of these capitalists are forced to become
reckless, they choose to be reckless with our planets
recources out of a want for profit. Humans are fallible and
ultimately will make poor decisions and can do things that
are detrimental to the whole because of poor judgement, but
just because these individuals have a different set of
values doesn't neccessarily mean that our economic system is
responsible. Our government, or should I say the
governments of the world, need to take action to regulate
the system. Government regulation is a viable answer to a
society driven by capitalism. I find it to be very radical
to think that, “You cannot remedy this [recklessness against
the environment] with law suits or even governement
regulation.” Mankind as a whole will not allow those
reckless self-interested capitalists to destroy what we
have, but they will continue to produce to keep up with the
demand of an ever growing world population. I agree that
this production should be, “deliberately planned,” but I
don't agree that the whole relies “on the profit motive to
automatically generate the right outcomes.” I think that
through governmental regulation capitalism can benefit
mankind in terms of quality of life for the present
population as well as the future. |
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