For many nations, it is essential to choose a system of organization that successfully and thoroughly meets the needs of all the people. While some countries have supported the idea of communism and strong government intervention in the economy, others have limited the role and power of their governing body in the marketplace. For instance, in the United States, the government has a small role in the planning and monitoring of their economy. Individuals compete heavily against one another to receive the maximum profit for themselves in an sufficient manner. The former USSR, on the other hand, used large amounts of government control to restrict competition and control the output and distribution of the goods they produced. While each country attempted to form a successful economic system for their nation, the systems that they chose to use and the amount of government intervention within these plans varied greatly.
By looking at the difference in the amount of government involvement and economic success of various nations, it is apparent that limited state control is most beneficial.
The two major economic policy makers of the USSR, ...
United States
United StatesFor instance, while the former USSR developed an economic system that contained large amounts of government intervention and regulation, it did not successfully deal with the nation's recession, grant individual freedom to its citizens, or promote competition and individual initiative among its people. The United States, on the other hand, has been recognized for its successful solutions to economic crisis, and national promotion for individual growth and competition, all with little government intervention. As demonstrated by the United States, compared with Russia's former command economy, a successful economy is one in which there is little government involvement or restriction.
While every nation has experienced a period of economic crisis, the United States is an example of a nation that has dealt with many of them...