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Political Issues

One of the political issues debated for many years is: Should the government intervene in a market economy and in the private lives of individuals?

What regulations should the government put in place to handle the impact of one of its states legalizing marijuana? What are the potential economic impacts of this same potential legalization.

Discuss whether antitrust suits are helpful or detrimental to the economy.
Give examples of specific antitrust suits that have been significant in their impact and outcome

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One of the political issues debated for many years is: Should the government intervene in a market economy and in the private lives of individuals?

The Government should intervene in market economy if the companies' skew competition in their favor. If the companies do not play game of fair competition then Government should intervene.

What regulations should the government put in place to handle the impact of one of its states legalizing marijuana? What are the potential economic impacts of this same potential legalization?

The Government should have legislation to prevent misuse of this in other illicit work and prevent this in terrorist and other illegal use.

States legalizing marijuana is will trigger the economy based on marijuana misuse because it is very lucrative business proposal to manufacture and sale of these types of drugs and there are bright chances of people circumventing law to earn money through illegal use of this potential legalization.

Discuss whether antitrust suits are helpful or detrimental to the economy.
Give examples of specific antitrust suits that have been significant in their impact and outcome

The antitrust suits are helpful to the economy because they prevent misuse of monopolistic position. They at least prevent reckless misuse of their strong monopolistic position.

The following are examples of such cases:

International Business Machines Corporation (IBM) became a giant in the field of electronic data processing by the mid-1950s after having achieved great success in the punch-card tabulating machine business in the 1930s. IBM had an image as offering superior products at a lower price than their competitors. IBM customers were portrayed as loyal and satisfied with the service provided by "Big Blue."
IBM's success, particularly with their System/360, was a cause for distrust and ...

Solution Summary

This solution discusses whether antitrust suits are helpful or negative to the economy, addressing specific suits.

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