Question

In: Economics

Identify some current governmental policies and popular ideologies. Then examine the media to look for traces...

  1. Identify some current governmental policies and popular ideologies. Then examine the media to look for traces of Marx's claim that economic substructure controls the social superstructure.

Solutions

Expert Solution

The governmental economic policies are generally designed according to risk management of corporate industrial development . In many policies , open market is allowed which is more beneficial to big business or corporations in comparison to small enterpreneurs. some ideologies are generally mentioned that Nation's development depends upon it's industrial development .

Following the above thought , many facilities are being provided by governments to companies . sometimes , special types of economic zones exempting some restrictions are provided to companies . Tax compensation and other benefits are allowed . Governments says that more profit gives more revenue to governments which is used in public welfare policies . Actually it is said in economics that Private sector's first priority is profit and  Government or public sector's first priority is providing employment . But a logic is given by corporate companies that ' they provide employment ' so they are eligible for subsidies or tax compensation . The fact is majority or big multi national companies earns huge profit in proportion to employment . for example - A top corporate company from India on an average includes investment of rupees 56 crores behind one employment . And comparatively , the same investment in small trade or small company can give employment upto hundreds of people.  when the essential commodities become profit oriented , cost of living continuously increases . Many essential things such as education , food & health care facilities are included in Fundamental Rights in constitution of  some countries . But these facilities are costly to afford in same countries .

When governments fail to protect welfare economics against profit economics , economical power takes direct or indirect control over social super structure & welfare policies.     there are few examples of them - a ) many science research projects gets funding which are profit giving . b ) profit oriented educational institutions  c ) corporate funding to political parties with terms & conditions during elections . d ) print & electronic media companies depending on sponsors . because in many countries , media is govt funded & not tax payer funded .


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