100 POSTED LECS GOVT AND ECONOMY

100 POSTED LECS GOVT AND ECONOMY - Be sure to read the...

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Be sure to read the three case studies of politics Gay rights in Maine The sinking of the Rainbow Warrior Modern slavery in El Monte (Read all of these cases in the textbook)
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Reading and Exam schedule You should be reading Chapters 2-5 plus the posted readings comparing the US and Western Europe The first exam (Monday, Feb.22 ) will cover Unit 1 (Chapters 1-5, plus the posted readings on the US and Western Europe, and lectures through that time)
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Government and the Economy
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US-Western Europe comparisons Western Europe and the US are very similar politically and economically But Western Europe and the US balance government and business differently
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US and Western Europe: Similarities Both are very rich Both have capitalist market economies Both have constitutional democratic governments They are about the same size and population
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US and Western Europe: Differences
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The US model “Laissez-faire capitalism - Weak government” model Government does not interfere very much with the activities of business corporations Businesses are generally free to sell what they want at market prices hire and fire “at will” pay the lowest wages the market will bear
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Regulations
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Taxes
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The US “welfare state”
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“You’re on your own” US economy is extremely individualistic Individuals can keep and spend more of what they earn Individuals are responsible for their own health care, retirement, emergency funds, catastrophe and disaster relief
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What Americans say they want from government Some form of affordable health, dental, and vision care Better K-12 schools Affordable home ownership close to work More high-quality day care More guaranteed family leave time Safer schools and neighborhoods Better transportation system More parks, museums, and recreational facilities
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Where tax money actually goes A significant percentage (10-15%) goes to pay off debt and other obligations
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Where tax money actually goes US has three large government programs: Education
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Law enforcement and prisons
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Military, defense, and national security
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in 2010 the US will spend as much on the military as the rest of the world put together The US has 4% of the world’s population This means that the US spends 25 times as much per person as the world average
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Why is military spending so high? There are many reasons for the high level of US military spending The US serves today as the world’s “policeman” or “global 911” Military spending provides jobs for many in uniform who would otherwise be unemployed or marginally employed Military spending provides profits and jobs in the military contracting industries Americans today are more inclined to use military force than citizens of other democracies
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Social Security (income support for seniors and the disabled) is another big program, but it is self-financing -- i.e. not paid for from taxes.
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This note was uploaded on 04/24/2010 for the course ANTH 7173 taught by Professor George during the Spring '10 term at CSU Long Beach.

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100 POSTED LECS GOVT AND ECONOMY - Be sure to read the...

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