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Jasfer Jimenez (Final Paper)
Jasfer Jimenez (Final Paper)
Submitted by:
Jimenez, Jasfer L.
PG12 (Mater Amabilis)
2 Semester, AY 2019-2020
Ms. Joan Elizabeth G. Ibay
Government spending can lead to the multiplier effect, which is when shifts in aggregate
demand due to government fiscal policy increases income and consumer spending as
we have seen in our discussion above. A problem with government spending can be
found in the crowding-out effect, in which government spending and borrowing results in
increasing interest rates as the private sector competes for loans with the government,
which reduces private investment. Many economists advocate that expansive fiscal
policy - increases in government spending - should be a short-term policy that should
end when the economy recovers enough for the private sector to take over.
The best society would exist when a common concern for the collective became intrinsic
to individual priorities and choices. It would also be in harmony with the environment.
Poverty, disease, warfare and crime would be things of the past. Such a society would
be the result of a collective freedom of thought that had disentangled itself from doom
religions, dead philosophies and greedy politicians. The conscious and subconscious
fallacies embedded in the primitive mind by the assertions of those taken to be superior
would be finally put to rest, especially in the discovery that man’s natural state is not
one of war, and neither is Armageddon inevitable. Principles would transcend the
national, cultural, religious and political. However, the chief characteristic which would
make it better than all the societies we may compare it with, is that it could only exist
because it has defeated the possibility of just getting worse. What makes the best
society is also determined by number. A society of one can be the absolute best. A
society of two could also be the best. It may be that the best society is determined by
the number of good relationships which can exist within it. So before we can say
anything about what would make the best society, we must first determine the number
of people in it There are two broad categories of society: narcissistic and outward-
looking. The first typically involves a search for peace, harmony and pleasure. Fine as
these are, the prospect of nothing else until the Heat Death of the universe lacks
something. I prefer the more outward-looking search for meaning. This has been
approached through religion, which is unfortunately stuck in the Middle Ages.
Philosophy has made some technical advances here, but on the big questions we have
not advanced beyond the ancient Greeks, who were also the inventors of every modern
political system. Advances in art follow technology: a Stone Age Beethoven would not
have produced symphonies, as he lacked the orchestra, whose instruments are the
products of technological knowledge. In fact, the only direction in which any substantial
advances have been made is through science: so the best society would be one
conscientiously advancing through science. This not a new departure, as we are
already doing this to some extent
https://www.eurasia.undp.org/content/rbec/en/home/blog/2012/5/23/3-reasons-why-you-should-
care-about-good-governance.html
https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.eurasia.undp.org%2Fcontent%2Frbec%2Fen%2
Fhome%2Fblog%2F2012%2F5%2F23%2F3-reasons-why-you-should-care-about-good-
governance.html%3Ffbclid%3DIwAR35G6N2JMi7mScbknWLeJp_eXfdlo4bDwtmuJG2OWD3MQ1aDzyxO
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https://www.britannica.com/topic/government-economic-policy