FREE ESSAY ON SHOULD GOVERNMENTS USE PRIVATE ENTERPRISE TO RESTRUCTURE THEIR ECONOMIES?

SHOULD GOVERNMENTS USE PRIVATE ENTERPRISE TO RESTRUCTURE THEIR ECONOMIES?

In the modern world, countries like Canada and the United States tend to move from the
left wing to the right wing. Is this a good thing? Adam Smith's laissez-faire theory, The
Invisible Hand, explains the fact that the selfish of all individuals of a society
ultimately combine to benefit all of society. People in private enterprise countries have
stronger sufficiency and individual initiative, and societies have higher productivity. 
Alberta government is introducing Bill 11, which is based on Canada Health Act. This bill
is supposed to privatize the heath care system. It would allow for-profit clinics to do
minor surgeries and keep patients for extended overnight stays. It will increase our
economy because the government can now use the money that is saved from it to pay their
debts and for international investments. Alberta's health care funds have been numerous.
They were abused on healing people who caused drunk and drive accidents, people who smoke
too much, and people who do drugs. These people do not deserve any free health care. They
should be responsible for themselves and pay for their own health care fees.
Many people say that private for-profit health care is less efficient and more expensive
than public health care. Private health care would cause people who cannot function in
such a competitive environment to suffer. But think about the benefit we will have for
the majority people. Isn't majority rules the main theory in democratic countries?
Expanding private health care is the only way to cut costs and reduce waiting lists in a
public system that has been stretched to the limits by federal funding cuts.
A private enterprise economy creates a competitive environment. People work harder and
are more initiative and productive. Let's take computer as an example. In the old day,
high-tech computers were only used in military. Computers controlled all kinds of nuclear
weapons, missiles, and space stations. But ever since the free market economy was
introduced, computer production grew rapidly. Company like IBM, Intel and Apple were the
very first that came up with commercial and home computers. They produced millions of
chips every year and the technology they are using is getting better and better. The
quality and speed of a computer grow at least 2 times a year. Now different companies
also produce different parts of computers. A computer is no longer made by a single
company. This creates great competition and great productivity. Any ordinary home
computers you can see now are all a hundred times better than the computers that were
used on the space satellites before.
China, the country with largest population in the world, now happens to be a backward
country. Ever since communism was introduced in China, it has been fallen behind in the
world's economy. China believes public enterprise will eventually be the best economic
system. But in fact, Chinese people, who are known as hard working, has become lazy and
lost their productive sense. The Chinese government controls everything, even the human
rights. Comparing China to its near-by democratic and free market country (also known as
their cross-sea province) Taiwan, which started economic reform just at the same time
China did. Taiwan is now producing US$ 12,333 per capita GNP while China is only
producing US$ 738 per capita GNP. Just think about that Taiwan is a very small Island
that only has 22 million people in it and it is producing higher GNP than that of the
huge China. Comparison of China and Taiwan is unique because they are both Chinese but
have opposite political and economic system. As statistics shown, Taiwan has become a
much more successful country than China in economic growth.
Private enterprise economic system allows small business. Microsoft, the biggest computer
Software Company in the world was also built from the ground up. Bill Gate, the guy who
created Microsoft, started the business when he was still a university student. He
believed he would make an effort and changes in the computer world. So he dropped out of
school and formed a small company. As we all can see that this small company now makes
the most revenue than any other big corporations in the world. This means that people
like you and me all have a chance to make a difference in our lives.
The American government is now against that Microsoft has been illegally wielded monopoly
power. But in fact, the company is also facing rival operating systems such as Linux and
BeOS. The company admitted that at present the rivals were not viable alternatives to
Microsoft, but the software market could be very different in one or two years. If the
private enterprise economy were not introduced, we would not be able to have the
technology we have now because when the government controls everything, no one would be
productive and initiative. If there were not a company like Microsoft, we would not be
able to have amazing multimedia computers now. Microsoft's productivity proves that the
free market system is the best for a country's economy.
Thus when choosing to restructure a country's economy, it is the best for a government to
use private enterprise. It helps a government to reduce social costs and it encourages
its citizen to be more initiative. The problems that face many economies today such as
rising of national debts can best be met by restructuring economies using private
enterprise.