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Posts: 221
A month ago
The idea of the emphasis of government being strong business and economic development versus the need for ordinary people to have purchasing power is an ideological and political divide that remains today. What theories are behind these 2 perspectives and what are the pros and cons of each? Which perspective do you think is more valid?
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Social Welfare: A History of the American Response to Need


Edition: 9th
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Posts: 254
A month ago
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This question is a matter of opinion to many. Marxist theory did strongly support the idea that people must be able to consume and the economy cannot maintain and/or grow without consumption. Capitalism functions more on the idea that growth and economic development produces success of a society. If you look at the failure of older societies, there is some evidence that when income disparity is too great and too few have consumption ability, the civilization collapses. Ideas such as "trickle-down economics can be explored, as well as the impact of recessions and these theories.
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