Is the United States an economically just society, why or why not?

Expert Solution

Yes, The US is an economically just society even though there are minor flaws in its society.
Its economy promotes talent and encourages entrepreneurship. Its policies have made many talent people rich even though they were not born in a rich family. Many technology driven companies have been formed due to its friendly economic policies. Foreign direct investment to USA is largest in the world which helps foreign investors to invest without fear of red tapism , delay ,etc. The dollar is the most traded currency in the world. Every country wants to benchmark its currency with the dollar.
Time and again economic reforms have been introduced to prevent financial frauds, Ponzi schemes, subprime lending, etc. That's why the US economy has bounced back from recessions. Moreover US allow it companies to trade in foreign securities, invest in foreign share market, and issue bonds in foreign soil to diversify the risks in US.
There might be certain shortcomings like bail out of banks through public money and other instances but each time due to strong regulation and fundamentals the US has bounced back from temporary setbacks

jeff jeffy answered 2 years ago

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