October seventeen, 2012
Whose interests need to be the paramount area of issue government control policy – the interests of manufacturers (the organization and the employees) or with the consumers?
This is a very interesting problem. I would hope that the policies that are in position by the federal government would help not only the producers however in the long run will also help the consumers. The government has a responsibility to ensure that businesses will get that competitive edge in the global business world. Nevertheless, if government authorities place would have been to place too much of its involvement in businesses, the consumers would certainly suffer immensely. Historically, the United States has made many mistakes exactly where we have shielded the manufacturers and companies and have created many guidelines to ensure American companies do not fail. The book discusses the metal industry and exactly how government placed an Advertising Valorem Tariff on steel. It mentioned how we planned to protect domestic steel manufacturers and how federal government had way too many policies in position. That at some point was detrimental and this raised the cost of production. This kind of then induced the output to fail miserably and before we understand it, we eliminated that tariff within two years. Do we learn from this kind of mistake in the future? Sure we can. But you need the right people to get the job. We have to make sure better policy-making decisions are made and that local content requirement is happening.
The book talks about government treatment. When it will, it seems in my opinion, that it is talking about protecting the inefficient firms, people's jobs, and industrial sectors from unjust foreign competition. While staff may well reduce their jobs if you will discover more well-organized and skilled foreign competitors, I would argue that this is the mother nature of competition, and that the function of government should be to help these kinds of employees obtain jobs where they can be successfully employed rather than to protect them from...