Topic > Economics Essay - 614

Linker's article clearly describes the ideology of those who favor a planned economy for America. Elaborating on the vague view that America appears to be on the “wrong path,” Linker says this stems from a declining economy, particularly an all-time low in job production, middle-class wages and economic equality. These ideas insinuate his preference for a planned economy, where the primary economic goals include stability and equality. Targeting the lack of political influence on the economy, Linker highlights the seemingly excessive freedoms of entrepreneurs and private businesses and refers to the potential destruction this could bring to the American economy through a comparison with the European Union. In his view, by embracing free trade and refusing to create “European-wide political institutions,” the European Union has developed an irresponsible economic system with little political intervention despite a generally democratic political system. In the absence of government intervention, Linker uses the example of raising the minimum wage to describe how governments...