Source analysis


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Source analysis

  1. 1. Source analysis<br />Source 1<br /><ul><li>Compatible with Keynesian Economics and Modern Liberalism
  2. 2. People cannot truly pursue happiness unless government funds social organizations that prevent debt, poverty and hunger.
  3. 3. Reference to capitalism when stating that “individuals cannot be free unless they accept that government must have some influence in market- author supports modern liberalisms principle of welfare capitalism. Government must provide a safety net to prevent poverty and debt.
  4. 4. Welfare state raises taxes when time is good and pumps money into market when times are bad. Keynesian economics.
  5. 5. Opposes classical liberalism in the sense that he is supporting government involvement in economy. Regulated capitalism- modern liberalism</li></ul>Source 2<br /><ul><li>Criticizing socialism and left-wing ideologies. Taking from the rich and giving to the poor.
  6. 6. Conservative background by acknowledging difference in classes by the haves and have-nots
  7. 7. Refers to socialist ideals as child like and impossible “socialists assume production of goods is occurring by magic”
  8. 8. Hierarchal systems work and human labor is the only way to produce goods.
  9. 9. Compatible for classical liberalism- rejects government involvement in market</li></ul>Source 3<br /><ul><li>Making a mockery of capitalism
  10. 10. Rich men in there well-furnished and elaborate home discussing the recent economic boom.
  11. 11. Capitalist ideology- by questioning the importance of a boom if it benefits everyone, even the poor
  12. 12. Conservative and capitalist in that everyone is benefitting and no one wins
  13. 13. Capitalist based on competition and individualism- must be a winner or loser
  14. 14. If no one wins, then no one is succeeding and so no specific person (man in cartoon) are winning. Relates to classical liberalism in the fact that it is staying true to values of capitalism and encouraging individualism and promoting self values over others.</li></ul>Relationship<br /><ul><li>Government involvement in economy and the benefits of capitalism.
  15. 15. Each addresses a view of whether or not government should be involved in economy.
  16. 16. Source one: classical liberalism is rejected- government needs to be involved to protect individuals so they can appropriately pursue their own personal success and capitalism should run the market with occasional intervention from gov to make market fair (welfare capitalism)
  17. 17. Source two and three: classical liberalism is pursued – no government involvement and capitalism and private companies should run market. Address self-interest.
  18. 18. Source one- authors converned with pursuit of happiness and self-interest . by having the government provide social and economic programs; source ii embraces self interest prevents the spread of hunger and poverty around the world; source three promotes self interest as a necessity of capitalist ecnomy and a policy of high importance.