Government and the Economy

In the modern world, the governments and economies of nations are greatly linked. To explain one is to explain the other, in a sense. Nowhere is this more true than in the United States. The major divider between the Democrats and the Republicans is how the economy should be regulated. Democrats call for increased regulation, Republicans do not. Unfortunately, money is also the most powerful thing holding men and women to office. I hope that many conditions within our economy and government can be rectified.

Our economic system needs to have regulation from the government only so that it will respond to the threats of the time. Our electrical grids and computer, for example, our incredibly weak to terrorist attacks. If one intelligent man can sink the entire power supply, surely companies will respond. However, most companies would flat out refuse to update software, on the grounds that it would cost exorbitant amounts of money. This would cause a breach in national security. Therefore, government needs to take command of business when threats become certain.

However, though government should prevent business from causing crises, other than that it should leave business completely alone. If the banks know that the government can bail them out when their stock falls low, then they will continue use unethical processes. Businesses should know that government cannot form even a last case scenario.

Though I can easily criticize most of the economy, government works smoothly and effectively for the most part. The United States has excellent governmental procedure, in my opinion, though legislation should pass bills requiring less debate on vital issues (i.e. climate change, not health care). However, it appears that money has become a major stimulus in government, and not just in the form of bribery. Government officials should earn only meager salaries; though their work creates much stress in their lives, money would promote staying in office for the pay alone. Money breeds corruption, stupidity, and callousness in government, from my point of view. Furthermore, to open position in government to more people, the government should provide a budget for campaigning to anyone wishing to participate in an election and lower the voting age to fourteen. More common people could then participate in our republic.

I believe that many of our governmental and economical problems could be rectified if the Senate implicates these ideas. We must remove the oligarchal structure that forms our government and economy and remove corruption and motivation for self-gain alone.