Discuss monopolies and antitrust laws. Antitrust laws assume that in a free market, monopolies will be formed and come to dominate their respective industries. This assumption is false. In a free market economy, what would really happen to monopolies is that they would go bankrupt very quickly. How would that even happen, you might ask? … Continue reading Government: Lesson 125
Tag: economics
Government: Lesson 115a
What are the arguments for and against government science funding? The most common argument for government science funding is that there are certain kinds of scientific research that the free market could never take care of. This is because the discoveries happen by chance and they are only profitable in the long run. This category … Continue reading Government: Lesson 115a
Government: Lesson 30
Is it possible to have state subsidies without state control? Ultimately, whoever has the money is in charge, as they get to decide who it goes to. Employers are in charge of the employees. That should be obvious, but have you ever thought about why it works this way? It's because the employers are the … Continue reading Government: Lesson 30
Government: Lesson 15
Some would argue that online education is bad for society because it puts classroom teachers out of work. However, looking at it from an economic standpoint, this would be highly beneficial. Some people say that what the economy needs is stimulation. The more that people spend money, the more work opportunities there are, and the … Continue reading Government: Lesson 15
English 1: Lesson 55
The slave system had a terrible effect on America. Booker T. Washington, a man born into slavery, but freed by the Emancipation Proclamation, had great incites on the situation. He thought that while the negative, even evil effects were mainly forced onto the slaves, there were some that the slave owners put on themselves. I … Continue reading English 1: Lesson 55
English Lesson 134: Should Cities offer free Public Wi-Fi?
Wouldn't it be nice if Wi-Fi and access to the internet were free for everyone? What if everyone got premium services for free? Whenever questions like these comes forth, another is soon asked. Why doesn't the government just provide it for us? We're all paying for it anyways! No one should have to work in … Continue reading English Lesson 134: Should Cities offer free Public Wi-Fi?