political science
Instructions
1. How do laissez-faire, statist, socialist, and the welfare state systems differ? Trace the evolution of each system from its core ideology to the present and provide examples of each system. Be sure to explain why the state is a good example of each.
Answer
Laissez-fire, socialist, welfare, and statist state systems are government systems with significant differences in ideology and application. Laissez-faire is a system of governance with privately owned and operated means of production with its economy based on the free market (Hist, 2015). In a laissez-faire system, individual success has more value than societal gains. The government does not interfere with the common market, and the system was applied in the united states during the industrial revolution era of the 1800s. During the period, America witnessed vas growth due to free market and limited government interventions. Currently, the United States has adopted a welfare state in an attempt to have a mixed economy. In a welfare state, the government provides n assured economic securi...
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