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Essay / Economics Essay - 614
Linker's article clearly describes the ideology of those who favor a more command economy for America. Expanding on the vague insight that America appears to be on the "wrong track," Linker says this is the result of a declining economy, including record levels of job production, middle-class wages and economic equality. These ideas insinuate his preference for a command economy, where the main economic goals include stability and equality. Targeting the lack of political influence over the economy, Linker highlights the seemingly excessive freedoms of entrepreneurs and private companies, and discusses the potential destruction this could bring to the US economy compared to the European Union. According to him, by adopting free trade and refusing to establish "European-wide political institutions", the European Union has developed an irresponsible economic system with little political intervention despite a generally democratic. Faced with the lack of government intervention, Linker uses the example of the minimum wage increase to describe how the government...