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Planned Economic Systems at Its Best

In: Business and Management

Submitted By burgcity
Words 598
Pages 3
Would you rather have a doctor with experience or one without experience operate on you. When it comes down to a crisis of epic proportions, I will gladly say a planned economic system is best suited. In a planned economic system the government controls the allocation of resources and limits freedom of choice in order to accomplish government goals (Bovee & Thill, 2014). The government will have a group of organizations already prepared for a crisis of epic proportions and expect no profit to be made.
On January 12, 2010 an earthquake struck Haiti. The quake flattened houses, hotels, and government buildings, including the National Palace and UN headquarters (Smith, 2010). I remember watching the news on TV and seeing what was left of Haiti. The next day the president of the United States Barrack Obama was on television telling everybody that he had the situation under control. Obama comes from a mixed capitalism. When he heard of the earthquake in Haiti he probably thought, this is my chance to help save millions of lives and make money. A month into the disaster, the U.S. and UN were managing to feed only 1 million people, leaving more than a million people without relief aid. Instead of mobilizing to provide water, food, and housing for the victims, the U.S. focused on occupying the country with 20,000 U.S. troops and surrounding it with a flotilla of U.S. Navy and Coast Guard ships (Smith, 2010). In my opinion Obama did everything he said he will do, but with a price. I’m sure he helped a lot of people, but just not as many as he should of. After all Barack Obama is a capitalist and in a capitalist system only those who have will be able to receive. If Haiti had a socialist system to help aid them there would’ve been many more survivors alive today. Socialism lies somewhere between capitalism and communism, with a fairly high degree of

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