2. People cannot truly pursue happiness unless government funds social organizations that prevent debt, poverty and hunger.
3. Reference to capitalism when stating that “individuals cannot be free unless they accept that government must have some influence in market- author supports modern liberalisms principle of welfare capitalism. Government must provide a safety net to prevent poverty and debt.
4. Welfare state raises taxes when time is good and pumps money into market when times are bad. Keynesian economics.
13. Capitalist based on competition and individualism- must be a winner or loser
14.
15. Each addresses a view of whether or not government should be involved in economy.
16. Source one: classical liberalism is rejected- government needs to be involved to protect individuals so they can appropriately pursue their own personal success and capitalism should run the market with occasional intervention from gov to make market fair (welfare capitalism)
17. Source two and three: classical liberalism is pursued – no government involvement and capitalism and private companies should run market. Address self-interest.
18. Source one- authors converned with pursuit of happiness and self-interest . by having the government provide social and economic programs; source ii embraces self interest prevents the spread of hunger and poverty around the world; source three promotes self interest as a necessity of capitalist ecnomy and a policy of high importance.