The Adam Smith Laissez-Faire Theory Essays

The Adam Smith Laissez-Faire Theory Essays The Adam Smith Laissez-Faire Theory Paper The Adam Smith Laissez-Faire Theory Paper In the modern world, countries like Canada and the United States tend to move from the left wing to the right wing. Is this a good thing? Adam Smiths laissez-faire theory, The Invisible Hand, explains the fact that the selfish of all individuals of a society ultimately combine to benefit all of society. People in private enterprise countries have stronger sufficiency and individual initiative, and societies have higher productivity. Alberta government is introducing Bill 11, which is based on Canada Health Act. This bill is supposed to privatize the heath care system. It would allow for-profit clinics to do minor surgeries and keep patients for extended overnight stays. It will increase our economy because the government can now use the money that is saved from it to pay their debts and for international investments. Albertas health care funds have been numerous. They were abused on healing people who caused drunk and drive accidents, people who smoke too much, and people who do drugs. These people do not deserve any free health care. They should be responsible for themselves and pay for their own health care fees. Many people say that private for-profit health care is less efficient and more expensive than public health care. Private health care would cause people who cannot function in such a competitive environment to suffer. But think about the benefit we will have for the majority people. Isnt majority rules the main theory in democratic countries? Expanding private health care is the only way to cut costs and reduce waiting lists in a public system that has been stretched to the limits by federal funding cuts. A private enterprise economy creates a competitive environment. People work harder and are more initiative and productive. Lets take computer as an example. In the old day, high-tech computers were only used in military. Computers controlled all kinds of nuclear weapons, missiles, and space stations. But ever since the free market economy was introduced, computer production grew rapidly. Company like IBM, Intel and Apple were the very first that came up with commercial and home computers. They produced millions of chips every year and the technology they are using is getting better and better. The quality and speed of a computer grow at least 2 times a year. Now different companies also produce different parts of computers. A computer is no longer made by a single company. This creates great competition and great productivity. Any ordinary home computers you can see now are all a hundred times better than the computers that were used on the space satellites before. China, the country with largest population in the world, now happens to be a backward country. Ever since communism was introduced in China, it has been fallen behind in the world’s economy. China believes public enterprise will eventually be the best economic system. But in fact, Chinese people, who are known as hard working, has become lazy and lost their productive sense. The Chinese government controls everything, even the human rights. Comparing China to its near-by democratic and free market country (also known as their cross-sea province) Taiwan, which started economic reform just at the same time China did. Taiwan is now producing US$ 12,333 per capita GNP while China is only producing US$ 738 per capita GNP. Just think about that Taiwan is a very small Island that only has 22 million people in it and it is producing higher GNP than that of the huge China. Comparison of China and Taiwan is unique because they are both Chinese but have opposite political and economic system. As statistics shown, Taiwan has become a much more successful country than China in economic growth. Private enterprise economic system allows small business. Microsoft, the biggest computer Software Company in the world was also built from the ground up. Bill Gate, the guy who created Microsoft, started the business when he was still a university student. He believed he would make an effort and changes in the computer world. So he dropped out of school and formed a small company. As we all can see that this small company now makes the most revenue than any other big corporations in the world. This means that people like you and me all have a chance to make a difference in our lives. The American government is now against that Microsoft has been illegally wielded monopoly power. But in fact, the company is also facing rival operating systems such as Linux and BeOS. The company admitted that at present the rivals were not viable alternatives to Microsoft, but the software market could be very different in one or two years. If the private enterprise economy were not introduced, we would not be able to have the technology we have now because when the government controls everything, no one would be productive and initiative. If there were not a company like Microsoft, we would not be able to have amazing multimedia computers now. Microsofts productivity proves that the free market system is the best for a countrys economy. Thus when choosing to restructure a countrys economy, it is the best for a government to use private enterprise. It helps a government to reduce social costs and it encourages its citizen to be more initiative. The problems that face many economies today such as rising of national debts can best be met by restructuring economies using private enterprise.

Profile of Serial Killer Joseph Paul Franklin

Profile of Serial Killer Joseph Paul Franklin Joseph Paul Franklin is a serial extremist killer whose crimes were motivated by a pathological hatred of African Americans and Jews. Fueled by the words of his hero, Adolf Hitler, Franklin went on a killing rampage between 1977 and 1980, targeting interracial couples and setting off bombs in synagogues. Childhood Years Franklin (named James Clayton Vaughan Jr. at birth) was born in Mobile, Alabama on April 13, 1950, and was the second of four children in a volatile impoverished home. As a child Franklin, who felt different from other children, turned to reading books, mostly fairy tales, as an escape from the domestic violence in the home. His sister has described the home as abusive, saying Franklin was the target of much of the abuse. Teen Years During his teen years, he was introduced to the American Nazi Party through pamphlets and he adopted the belief that the world needed to be cleansed of what he considered inferior races - mainly African Americans and Jews. He was in full agreement with the Nazi teachings and he became a member of the American Nazi Party, the Ku Klux Klan, and the National States Rights Party. Name Change In 1976, he wanted to join the Rhodesian Army, but because of his criminal background he needed to change his name to be accepted. He changed his name to Joseph Paul Franklin - Joseph Paul after Adolph Hitlers minister of propaganda, Joseph Paul Goebbels, and Franklin after Benjamin Franklin. Franklin never did join the army, but instead launched his own war of the races. Obsessed With Hate Obsessed with hatred for interracial marriages, many of his killings were against black and white couples he encountered. He has also admitted to blowing up synagogues and takes responsibility for the 1978 shooting of Hustler Magazine publisher, Larry Flynt and the 1980 shooting on civil rights activist and Urban League president Vernon Jordan, Jr. Over the years Franklin has been linked to or confessed to numerous bank robberies, bombings, and murders. However, not all of his confessions are viewed as truthful and many of the crimes were never brought to trial. Convictions Alphonse Manning and Toni SchwennMadison, WisconsinIn 1985 Franklin was found guilty of killing interracial couple Alphonse Manning and Toni Schwenn,  both 23 years old.  The couple was pulling out of a shopping mall when Franklin rammed their car from behind, then got out and shot Manning twice and Schwenn four times, killing both. He was sentenced to two life terms.Bryant Tatum and Nancy HiltonChattanooga, TennesseeIn 1977 he pleaded guilty to the July 29, 1978 sniper murder of Bryant Tatum (black) and for attempting to murder his white girlfriend Nancy Hilton.  The couple was  at a Pizza Hut restaurant in Chattanooga when Franklin, hiding in tall grass near the restaurant, gunned them down. Franklin was found guilty and given a life sentence.Donte Brown and Darrel LaneCincinnati, OhioCousins Dante Brown, 13, and Darrel Lane, 14, were headed to a local convenience store on June 6, 1980, when Franklin, standing on an overpass, shot two bullets into each child. Lane died at t he scene and Brown died a few hours later at the hospital. Franklin was found guilty and sentenced to two life terms. Ted Fields and David MartinSalt Lake City, UtahTed Fields, 20, and David Martin, 18, were friends who shared the reputation for being hardworking, responsible and with bright futures. On August, 20, they went jogging with two women at Liberty Park.  Franklin hit the group with a barrage of bullets, striking Fields three times and Martin five, killing both. One of the women was injured. He was found guilty and received two life sentences.Gerald GordonPotosi, MissouriOn October 8, 1977, Gerald Gordon, Steven Goldman and William Ash  had no idea a Remington 700 hunting rifle was aimed at them while they walked through the synagogue parking lot.  Franklin, who had carefully planned his assault the day before, fired five shots at the men, killing Gordon and injuring Goldman and Ash. In February 1997, a jury found him guilty and sentenced to death by lethal injection. Any Regrets? Eight life sentences and a death sentence has done little to change Franklins radical racist views. He has told authorities that his only regret is that killing Jews isnt legal. During a 1995 article published by Deseret News, Franklin seemed to boast about his killing sprees and the only regret that he seems to have is that there were victims that managed to survive his murderous rage. On November 20, 2013, Franklin was executed by lethal injection in Missouri. He offered no final statement.