. As social institutions, what are the economy and the political system supposed to do?
How well, in your opinion, does each do its job?
Answer:
The political system decides who gets what, and how and when do they get it. OK, so that is a cynical definition. Maybe add something about how the government hears the will of the people.
The economic system answers the basic economic questions: What will be produced, how, and who gets it.
Notice, that both definitions revolve around people getting stuff. No political system can stand for long if it does not handle distributing economic benefits. Need an example, look at what happened to the Soviet Union. They collapsed because the economy was rotten to the core, and did not distribute economic benefits beyond a very small circle of nomenclatura.
The economic system is everything having to do with people getting stuff they need and want, (including getting stuff done for them), and all that happens to make that so.
The political system is people's collective actions -- from protecting people to things like roads.
Governments take tax money from people, and, in a good political system, spend it on what the people want it spent on.
As for the "how well" -- what country are you talking about?
In the U.S. they've both gone to, well, Haliburton in a hand-basket.
More and more people go without, while a few heartless, unscrupulous, and short-sighted people get almost everything else.
The government supports the rich against (and at the expense of) the not-rich (who are increasingly poor), and rarely does the things most citizens want it to do.
This has reached new lows during our current administration.
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Answer:
The political system decides who gets what, and how and when do they get it. OK, so that is a cynical definition. Maybe add something about how the government hears the will of the people.
The economic system answers the basic economic questions: What will be produced, how, and who gets it.
Notice, that both definitions revolve around people getting stuff. No political system can stand for long if it does not handle distributing economic benefits. Need an example, look at what happened to the Soviet Union. They collapsed because the economy was rotten to the core, and did not distribute economic benefits beyond a very small circle of nomenclatura.
The economic system is everything having to do with people getting stuff they need and want, (including getting stuff done for them), and all that happens to make that so.
The political system is people's collective actions -- from protecting people to things like roads.
Governments take tax money from people, and, in a good political system, spend it on what the people want it spent on.
As for the "how well" -- what country are you talking about?
In the U.S. they've both gone to, well, Haliburton in a hand-basket.
More and more people go without, while a few heartless, unscrupulous, and short-sighted people get almost everything else.
The government supports the rich against (and at the expense of) the not-rich (who are increasingly poor), and rarely does the things most citizens want it to do.
This has reached new lows during our current administration.
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