Government and corporation services
Most of the times as human being in a world that is continuously changing regarding technology and governorship we are faced with the dilemma of whether to trust the government and corporate institutions to provide us with the necessary services or create those services and judgment ourselves. The society is created under different principles that affect how we relate to the authority and the extent to which we can make decisions on ourselves. As a society, we have abdicated decisions regarding our needs and safety to the government and corporations (Hufbauer, Gary Clyde 81). There is a negative and positive arguments towards this setting in which the government and corporations make decisions on behalf of the people. On the other hand, individual determinism and independence also have positive and negative implications. However, above all, I would prefer individual independence and decision making. Individual decision making makes an individual responsible regarding how their resources will be used and also the sources of the resources to be used. Human beings have forsaken their freedom of choice but instead given this vital role to the government and the corporations. On the contrary, I believe that government and corporation services and decisions are driven by motives and the interests of their leadership and retained control over the people (Flammer, Caroline 1469-1485).
Vihalemm, Triin, and Margit Keller argue that many people seek better services and freedom from the tyranny of the minority of people who are given authorities to manage and provide key services to the people. Most of the people who seek freedom to make their decision and not leave everything at the mercy of the government are hardworking and self-determined. Most of the time government services are late and substandard due to the corruption in the government agencies and poor managers. People seek freedom from the government to ensure that they can get more efficient services at a pace of their own. The government and corporations work for millions of people who wants the same services simultaneously hence the need for self-determined individuals to create their services and products than to wait for the government to decide their fate. The spirit of independence and freedom in the creation of goods and services can lead to the creation of excess goods and services hence facilitating trading and business which further develops the economy and stabilizes the prices of the goods and services produced. Most of the time there is the need for private organizations goods and services to complement the efforts of the resources challenged government and corporations which have other projects to maintain. Fewer expectations from the government, therefore, leads to the development of entrepreneurs and trade further hence promoting an economy (Bekaert et al. 290). Most people who seek independence in though and freedom in the decision making of the products and services they need at different time are motivated by the need for efficiency and self-determinism which leads to far much satisfaction of the service consumers. Government and corporations services and products are not tailored to meet individual consumers’ problems, and they are less adaptive which leads to the need for independence in thought and production (Vihalemm, Triin, and Margit Keller 38-40).
Limitations that would rise from production freedom and independence
- Lack of enough funds to replace government key production infrastructure
Most of the government controlled services are expensive and only a few people can raise enough capital to begin operations.
- High-interest rates and lack of financiers to promote government and corporation monopoly.
Funding for startups requires a lot of capital which make potential entrepreneurs and individuals who would seek to create their own services and goods find it difficult.
- Oppressive regulations and policies that promote government and corporation’s monopoly
Governments secure their tyranny and control over people through policies and regulations that make it impossible for individuals to venture into certain business practice which promotes government and corporation’s domination (Stiglitz, Joseph 1080).
- Governments and corporations have advantages of economies of scale
Government and corporations will retain control over the people because they already have economies of scales which makes it easy for them to produce goods and services and also to manipulate the prices of the goods and services.
- Barriers of entry
Sirin, Selahattin Murat, and Mustafa Sinan Gonul argues that in most cases a significant limitation faced by individuals seeking to challenge the government and corporations are faced by barriers of entry in cases where the government refuses to issues operational certificates for the new proprietors. Also, it could be difficult to obtain equipment and land to establish the necessary structures to begin production of the services and goods.
- Producing goods and services that are already produced by the government and corporations could be viewed as rebellion and a means of inciting people against the government and government controlled corporations. In such a case, it could lead to legal and out of court confrontations between the administration and the entrepreneurs which increase the cost of operations (Ma, Ming, et al. 205).
The likelihood of coexistence of government and corporations goods with private based entrepreneurs
Market liberalization refers to a case in which the government relaxes its restrictions and policies that bar people from expressing their economic freedom in an economy. Market liberalization allows the government and corporations to directly compete with private based organizations and startups which improve the quality of services delivered in an economy and also gives the consumers a more variety of choice to choose from. Market liberalization improves the services and products rendered in a market by reducing the extent of government and corporations control which most of the times leads to better quality and consumer satisfaction due to increased freedom in decision making. Market liberalization in the healthcare industry, for instance, has increased healthcare access through antitrust enforcement which has increased healthcare access and competition. Market liberalization improves the economy by increasing job creation through the coexistence of both the government and private business practice (Gabel, Matthew Joseph 2009).
In conclusion, a more liberal and less controlled market economy is better than an economy that is suffocated by the government and corporate organizations. Government and corporate organizations products can reduce a variety for the consumers which can also lead to poor production. In this case, allowing people to initiate and develop goods and services for themselves creates an excess supply which leads to the stabilization of prices and also increases the number of jobs in an economy. In my view self-determinism and production of goods and services is better in promoting an economy development than government controlled corporations which restrict the expansion of the economy and improvement of goods and services quality.
Bekaert, Geert, Campbell R. Harvey, and Christian T. Lundblad. "Equity market liberalization in emerging markets." Journal of Financial Research 26.3 (2003): 275-299.
Flammer, Caroline. "Does product market competition foster corporate social responsibility? Evidence from trade liberalization." Strategic Management Journal 36.10 (2015): 1469-1485.
Gabel, Matthew Joseph. Interests and integration: Market liberalization, public opinion, and European Union. University of Michigan Press, 2009.
Hufbauer, Gary Clyde. "Liberalization of Services Trade." Assessing the Trans-Pacific Partnership (2016): 81.
Ma, Ming, et al. "State ownership and market liberalization: Evidence from China's domestic M&A market." Journal of International Money and Finance 69 (2016): 205-223.
Sirin, Selahattin Murat, and Mustafa Sinan Gonul. "Behavioral aspects of regulation: A discussion on switching and demand response in Turkish electricity market." Energy Policy 97 (2016): 591-602.
Stiglitz, Joseph E. "Capital market liberalization, economic growth, and instability." World development 28.6 (2000): 1075-1086.
Vihalemm, Triin, and Margit Keller. "Consumers, citizens or citizen-consumers? Domestic users in the process of Estonian electricity market liberalization." Energy Research & Social Science 13 (2016): 38-48.
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