Changes

Jump to navigation Jump to search
better
Line 145: Line 145:  
When the early Jamestown settlers were on the brink of failure because no one was working, John Smith arrived and instituted a new rule: “He who does not work, will not eat.”  Each individual then began working just to feed himself.  The community soon became very successful.  The invisible hand is the force that guides people to do work that is needed such that others benefit.   
 
When the early Jamestown settlers were on the brink of failure because no one was working, John Smith arrived and instituted a new rule: “He who does not work, will not eat.”  Each individual then began working just to feed himself.  The community soon became very successful.  The invisible hand is the force that guides people to do work that is needed such that others benefit.   
   −
The opposite of the “invisible hand” is government control.  In dictatorships like communist Soviet Union under Josef Stalin, the government dictates what people will and will not do.  There is no “invisible hand.”  The result is often disastrous.  Tens of millions of people starved to death under Stalin’s rule due to the improper government planning.  Stalin may have even starved them intentionally.
+
The opposite of the “invisible hand” is government control.  In dictatorships like the former communist Soviet Union under Josef Stalin, the government dictates what people will and will not do.  There is no “invisible hand.”  The result is often disastrous.  Tens of millions of people starved to death under Stalin’s rule due to the improper government planning.  Stalin may have even starved them intentionally.
    
==Example of the Invisible Hand: "I, Pencil"==
 
==Example of the Invisible Hand: "I, Pencil"==
Anthony, Irenaeus, Siteadmin, Bureaucrats, Check users, nsAm_Govt_101RO, nsAm_Govt_101RW, nsAm_Govt_101_ta, nsJudgesRO, nsJudgesRW, nsJudges_talkRO, nsJudges_talkRW, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, oversight, Administrators
126,152

edits

Navigation menu