Mixed Economy

A Combination of Capitalism & Communism

I Mixed Economy

A. A combination of both communism/socialism & capitalism

B. The government has some control of business

C. The government also provides some social services

II Basic Freedoms in a Mixed EconomyA. Right to own private property

B. Right to own a business

C. Right to buy & sell a variety of products

D. First Amendment rights such as:

1. freedom of speech

2. freedom of religion

3. freedom of the press

4. freedom to protest, organize unions, etc

III. Government Social Services

A. Social Security

B. Welfare, WIC, etc

C. Unemployment Insurance

D. Public Education

E. Some healthcare, ie SChip

F. Legal Aid

IV. Government Owned

A. Post OfficeB. TransportationC. Roads, highways & bridgesD. Some hospitalsE. Water systemsF. EnergyG. Some communicationH. Some banking servicesI. Libraries

V. Legal Intervention

A. Environment

B. Labor regulations

C. Consumer regulation

D. Anti-Trust Laws

E. Copyrights, patents, trademarks, trade secrets

F. Corporations, non-profit organizations,

V. Legal Intervention

V. Legal Intervention

G. Protectionism

1. tariffs (taxes on imported goods)

2. product quotas

3. fair trade

4. anti-dumping (keeping other countries’

companies from “dumping” their low

priced products on our economy

V. Legal Intervention

5. Living wages

6. Gov’t subsidies for key industries

7. Tax cuts

8. export controls

VI. Examples of Mixed Economies

A. US

B. Canada

C. United Kingdom

D. Japan

E. Australia

F. Italy

VI. Examples of Mixed Economies

VI. Examples of Mixed Economies

G. Germany

H. France (L’oreal, Lancome)

I. Mexico

J. South Africa

K. China (stock markets, Deng Xiaoping, Shenzhen special economic zones)

L. India