The United States: A Successful And Fair Economic System

The United States is not only one of the largest economies in the world, but it is also one of the strongest economies compared to industrialized countries, and this has been proven in the last few years. Despite of what many people believe or see, U.S economy is booming and it will continue to boom during the year 2015. In the article “When the U.S Economy is the Envy of the World,” published by the MSNBC on December 8, 2014, its author Steve Benen argues about the U.S economic recovery in order to persuade U.S citizens and show them the numbers that prove that our economy has recovered. Benen (2014) also encourage U.S citizens not “to compare the current economic recovery to other recoveries that followed modern downturns,” but “to compare our economic recovery against other countries who dealt with similar circumstances” because according to President Obama, the U.S “has put more people back to work” than any advanced economy in the world (qtd. in Benen, 2014). There are strong evidences that prove that the U.S economy is in its best year compared to three years ago. The growth of jobs, the slight increase of wages, and the low price of oil have truly helped the U.S economy recover.

The United States of America, the self-proclaimed sole remaining superpower, often touts that it is the greatest nation in the world. Yet, when the data is analyzed, this claim is proven time and time again to be wrong, whether it is math or science, literacy or numbers, household income or workforce. Time and time again, and the numbers continue to slip. Healthcare is no exception. In 2012, the United States ranked thirty-second worldwide in life expectancy (Avendano and Kawachi 2014). Of the thirty-four Organization for Economic Co-operation and Development (OECD) nations in 2010, the United States ranked twenty-sixth in infant mortality (MacDorman et al. 2010). In a 1998 study of thirteen developed nations (Australia, Belgium, Canada, Denmark, Finland, France, Germany, Japan, Netherlands, Spain, Sweden, United Kingdom, and United States), the United States ranked, on average, twelfth. The rankings for the United States on each of the sixteen health indicators was: thirteenth for low-birth-weight percentages; thirteenth for neonatal mortality and infant mortality overall; eleventh for post neonatal mortality; thirteenth for years of potential life lost (excluding external causes); eleventh for life expectancy at one year for females and twelfth for males; tenth for life expectancy at fifteen years for females and twelfth for males; tenth for life expectancy at forty years for females and ninth for males; seventh for life expectancy at sixty-five years for

“The path to economic growth is not engineered by the government; rather, the path to economic prosperity is built by the people.” This quote relates to classical liberalism because it displays a ring wing perspective, which indicates devalued government authority in relation to aspects of individualism. Overall demonstrating the economic perspective that favours the absence of government involvement. It brings into question what the most efficient way to run an economy is, and what is the best way to manage an economy to maintain stability. Some believe that government intervention in an economy is dangerous because it adds to the nation’s overall inflation rate and national debt. Friedrich Hayek is an economic theorist supporting little

Nations have debated on which economic direction their country will direct its footsteps since the creation of societies. The United States, being one of the most stereotypical capitalistic nations, began as a Laissez-faire nation, but throughout the centuries America’s economic standpoint has shifted more into Socialism rather than Laissez-faire. The second largest economy in the world, China, is widely understood as being a socialist country, however, for the past years they have been inclined towards a more capitalist nation, but are still officially socialist. Socialism and Laissez-faire both have fatal flaws, but both concepts can be blended and pragmatic to the new millennium while having a positive future.

The United States is often seen by many as a country of equal opportunity. A place where social classes do not exist. Unfortunately, thoughts such as these are wrong because the US is far from being the only country to escape this exception. When observed closely there are signs that each person manifests that distinctively show what social class they belong to. Although money is the most common marker of class, education along with health related topics such as heart disease and eating habits are strong inicators of class.

Modern America can be considered one of the world’s economic and industrial leaders. This didn’t happen instantaneously. It was a long process that took centuries to occur from when America was first colonized by England. America started slow and far behind England and other European countries in the technology race but a diverse culture and the work ethic of American people all helped to push this country forward. From antebellum America in the 19th century, to the Progressive Era in the late 19th century and early 20th century, and finally to the New Deal period in the 20th century, many changes occurred as millions of people lives were affected greatly during this time. Throughout these eras in U.S. history, there was a general

Thomas Jefferson at his first State of the Union address stated that "agriculture, manufactures, commerce, and navigation, the four pillars of our prosperity, are the most thriving when left most free to individual enterprise."Jefferson spoke of capitalism, and ultimately a free market; he spoke of an economy in which the government doesn't control the industries. It was his, and all the other Founding Fathers', firm belief that the government should not interfere with the economy, and that if it didn't the economy would thrive, and become far more innovative. However, America is not as they would have envisioned it. Contrary to their hope the government is gaining and taking control over the economy, especially in its agricultural sector.

There is perhaps no other political issue in our contemporary society that is more pertinent, pervasive, and encompassing than a nation’s economy. From the first coins used in Greece and the Asia Minor in the 7th century BCE, to the earliest uses of paper money, history has proven time and time again that the control of a region’s economy is absolutely crucial to maintaining social stability and prosperity. Yet, for over a century scholars have continued to speculate why the United States, one of the world’s strongest and most influential countries, has one of the most unstable economies. Although the causes of this economic instability can be attributed to multiple factors, nearly all economists agree that they have a common

The United States is a vast, diverse region that offers a wide range of economic opportunity. Since the United States is so big, there are a lot of differences between the economy in various regions, genders, and ethnic groups. Some of these variations in the economy are good creating a diverse economy with many different kinds of resources and goods. Some differences, however, are gaps between the poor, the rich, and different ethnicities that create economic gaps in the population. These gaps and diversities creates the United States fast-pace forever changing economy.

By 2020 in the state of California the average white man will be minority, and a man from Mexican descent will be of the majority. This stat is foretelling of the world we are progressing to. America’s label as a giant melting pot will continue to ring true as we see more and more immigrants migrate to the states. Majority of these immigrants are fleeing from war or civil turmoil. They flee to America in hopes to live a better life and be able to safely fertile a new beginning.

The United States democracy is an effective system of government carefully crafted by the founding fathers to ensure that nobody can gain too much power over the rest. When the founding fathers were drafting the constitution they were referring to a person or a group when referring to “Tyranny”. Unfortunately tyranny has arisen in the United States, but not in the way anyone expected, race has become a form of tyranny. The tyrannical white majority has been a large influence in the United States ever since inception and have been substantially prevalent around events in the US like reconstruction, civil rights movement, and the election of the first african american president of the united states. Many have identified and have tried to counteract the problem of tyranny of the white majority, but to no avail. Democratic reform like the Voting rights act, civil rights act, brown v board of education, and the election of president obama have failed to help counteract the problem of tyranny of the white majority seen in the United States.

It is well known that free trade and competition has provided benefits and has caused issues to America and to the whole world for that matter. The economy of America has produced many goods and services for the humans living there. A majority of produce, clothing, housing, and automotive vehicles wouldn’t be here without the labor of the hard-working American hands. This couldn’t have happened if it weren’t for the free trade system. The downfall to this system is that it has caused many people to go bankrupt and lose many assets including homes and even their jobs. The government responded well to these crisis’ and used labor laws and many other social programs to pull Americans out of the rut. If it wasn’t

Different people have different outlooks on how the nation should be ran and how our economy should produce our money. For instance two great presidents have two different outlooks on how our economy and our politics should work. Thomas Jefferson wanted an economy based on small family owned farms, while Hamilton on the other hand wanted to manufacturer and produce as much as possible in factories. Both of their plans for the economy have many strong points, but they also have some weak points.

The US has been leading the world economy with its model of free-market capitalism for last three decades. We have been told that, if left alone, markets will produce the most efficient and effective outcome. Because individuals know what the best way is and they are the ones who will be rewarded according to their productivity. Therefore, maximized freedom and minimized state intervention have been regarded as the most beautiful contribution to economic development.

Every country has an economy that shows the give and go of wealth and resources between producers and consumers. Some economies are better than others; here in the United States we have been stuck in a recession, meaning our economy is declining. Even though the United States economy has been in a recession for the past 8 years, its still, if not the best compared to other countries. The United States has a mixed economy made of individual producers and consumers, this economy allows the consumers choose what goods are produced, the prices and services. The United States economy is mixed due to the fact that even though it has properties of a market economy, the economy is controlled by the government. In the United States there are both