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Summarizing

The article also deals with the idea of government subsidies in funding research projects and comes up with the finding that government subsidies often harm the poor and the middle classes more than they help them. The practice of providing subsidies is more often than not, according to the writer, justified using the rhetoric of unemployment and the need to provide more work to American companies. This is not however, what the character Dave argues for. He looks at the negligible difference that a fall in demand in the American market would create in the world market and puts into perspective the influence that tariffs imposed by the government could have on producing more jobs. He looks at the problems with introducing a tariff against foreign-produced goods as Ed says (Protection). The idea of free trade that Dave argues for is more often than not refuted by proponents of government intervention citing the reason of ‘fair trade’. This implies the ability of firms within a country to be protected against the onslaught of foreign companies that may have more money and power (Edge). However, providing subsidies may not push down the price of goods in the local economy. They would not benefit the local consumer. ...Show more

Summary

Your Name Name of of Professor Corporate Protection and Government Subsidies The article makes a case against the practice of government intervention in the working of the market. It talks of the problems with government intervention that leads to the money of the taxpayers being misused…
Author : wolfamerico
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