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24. Without the Government, Who Would Take Care of People?

There is a common belief that people need government to take care of the less fortunate. Some even argue that without government, or with limited government, people would not be able to get the help they receive. But the free market is full of examples of private charities and communities coming together to help those in need.

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Terms:

  • Bureaucracy: a system of government in which most of the important decisions are made by state officials rather than by elected representatives.

4. Netflix and Hulu, Coke and Pepsi… Why Is There So Much Market Competition?

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Have you ever noticed how many choices we have when it comes to the products we can buy? Pepsi or Coke? McDonalds or Burger King? When companies fight for our business, consumers like you and me win by having more options available to us.

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Key Terms 

  • Monopoly: A business that does not have any competition
  • Free Market: An economic system where people are allowed to freely cooperate and exchange goods without excessive regulation 

3. Do Too Many Government Rules Harm People?

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Some rules help to keep us safe. But sometimes, people in powerful get carried away and make too many rules, restricting our behavior and prohibiting us from doing simple things like opening a neighborhood lemonade stand or even limiting which businesses are allowed to operate.

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Key Terms 

  • Civil Disobedience: refusal to comply with certain laws that are believed to be unjust 
  • Occupational License: a government permission slip that allows a person to do the job they went to school or were trained to do
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