Summarizing Article Example | Topics and Well Written Essays - 1000 words

Summarizing - Article ExampleThe article also deals with the motif of organization subsidies in funding research projects and comes up with the finding that government subsidies frequently harm the poor and the position classes more than than they help them. The practice of providing subsidies is more often than not, according to the writer, justified using the rhetoric of unemployment and the need to provide more work to American companies. This is not however, what the character Dave argues for. He looks at the negligible rest that a fall in demand in the American market would create in the conception market and puts into perspective the influence that tariffs imposed by the government could have on producing more jobs. He looks at the problems with introducing a tariff against distant-produced goods as Ed says (Protection). The idea of free trade that Dave argues for is more often than not refuted by proponents of government intervention citing the reason of fair trade. T his implies the ability of firms within a country to be protected against the onslaught of foreign companies that may have more money and top executive (Edge). However, providing subsidies may not push down the price of goods in the topical anaesthetic economy. They would not benefit the local anaesthetic consumer. Apart from this, at that place is also no data available to substantiate the argument that local businesses would be at an proceeds as their cost of production may still be higher than that of the foreign company. To increase the tariff to an extent where the foreign firms would not be able to compete would take jobs off from the American market rather than boost the economy. The difference in price would be transferred on to the local consumers. Dave also warns about the possibility of other countries imposing equally large taxes on American firms. This would adopt to greater problems in the long run for the American economy and its pile. There is also the possib ility of there being lobbies that affect the governments decisions. Much of the tariffs that are imposed on products are ground on the political power and influence that local firms have rather than the economic wisdom of the decision. The people who suffer amidst all of this are the taxpayers. The idea of free trade involves the assumption that what is required by a particular consumer would be provided by the market according to the laws of demand and supply (Rothbard Free Market). The idea of free trade is then in direct conflict with the ideas of protectionism which let certain elements have an advantage based on the support of the government. This is unsustainable in a free market in a globalized frame-up as it would lead to the change of problems that are detailed above. The existence of two systems in conflict with severally other can only prove to be disastrous in the long run. The adverse furbish up of such a policy can be seen in the economic slump that is experienced by Japan at this point of time (Rothbard Protectionism and the Destruction of Prosperity). The policies that are created according to such ideologies more often than not end up harming large sections of the taxpaying population in the country. The article illustrates the problems with the kind of funding that is provided by the government to private concerns. The essay suggests that they end up benefitting certain individuals while create greater harm to the middle classes. The money that they pay is used for such funding however, the benefits are reaped by the richest sections of