Economic Freedom Vs. Interdependence :: essays research papers

Economic freedom cannot be fully instated as long as interdependenceexists. The reasoning for this is that interdependence directly makeeconomic freedom. The basic idea in these two terms is options.Economic freedom bases having unlimited and unrestricted options, whileinterdependence equals limited options. It is hopeless for these twoideas to completely coexist to the entirety of their definitions. Thegovernment is forever creating and amending rules, regulations, andlaws, which constitutes in limiting economic choices and options.Economic freedom is the aspect of choice. It is a belief that tout ensembleows from each one individual to fully choose exactly how they use their money whilehaving unlimited options when making economic decisions, with theadvantage of unbounded possibilities. If there were unlimited options,it would mean that anything that is desired should be able to becomereality. With the absence of restrictions, having unlimited optionsallows individuals to act independently with their decisions.Interdependence, relating to the consumer, is practically the oppositeof economic freedom. Interdependence means limited options and addedrestrictions. With interdependence, the choices the consumer makes andthe options he has are dependent on the decisions made by others. Theycould be other consumers, entrepreneurs, or the government. Laws,taxes, and the role of Alan Greenspan are also part of this idea.Interdependence means that all the consumers economic decisions are outof his control because they depend on the decisions of others. Based onthis definition, interdependence and economic freedom are opposingconcepts.The concepts are connatural in that they are both economic terms thatentail a system of making decisions based on the consumer. Both alsodeal with the concept of options. However, that is also exactly howthey are different. It is like two sides of a coin, one is for options,and one is against them. Economic freedom is all about unlim itedoptions therefore, it could not possibly coexist with a governing thatrelies on limiting options. Achieving complete economic freedom dependson interdependence and what limits are being set. It is possible thatboth concepts could coexist in a watered down state, like a compromise.There may be a variety of choices in one area for the consumer, simply notin another area. It is also possible that complete economic freedomdoes not exist. In the American economy, the government is the mainsource of interdependence, entirely without the government, Americas economywould be shattered.