Government Regulation And Its Effect On Society Essay

The world is a complex and intricate machine, with many pieces to create a much larger thing. Government and society are simply pieces of the same machine that depend on each other. Likewise, government and society have the option to liberate or limit the activities of men and it is a necessary occurrence of life. Government is dependent on society because social behaviors exists wherever there are good or bad, proper or improper relationships between human beings. Humans install government from their own belief that human behavior is â€Å"self-centered† therefore society requires governing. Likewise, government oversight is needed in the economy as well as in society. The appropriate role of government in the economy is different from a typical liberal stance. Although the economy is an ever-changing machine that rises and falls due to no fault of its own some feel that government regulation is needed. Without government regulation in the economy, free market trade could set the bar for interest rates, trade tax, business monopolies, and currency value. â€Å"†¦the safety of the republic lay in the autocratic strength of its government†¦Ã¢â‚¬  this quote from Franklin Roosevelt’s Commonwealth Club Address displays how the main objective for a strong central government is to protect the people. To further protect the people of the United States, the presences of a strong government in the financial sector is crucial to prohibit the use of banks raising the interest rates to a level whereShow MoreRelatedGambling Is An Extremely Well Liked And Entertaining Activity For The Canadian Population1530 Words   |  7 Pageshas been noticed that, â€Å"Canadians spend more on legal, government-promoted gambling than on clothing, shoes and medicine combined† (Hutchison, 1999). In 1892 all forms of gambling were banned in Canada, with the exception of horse racing (Stevens, R., 2005). 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