Canada Should Adopt A Market Economy

Should Canada adopt a market economy with very little government involvement? Yes, I think Canada should definitely shift right and adapt a market economy like our neighbours the United States. In the 1960’s Canada shifted left under Pearson’s Liberals. At that point the government collected more taxes but, still provided healthcare and pensions. Then in the 1980s Canada shifted right under Mulroney's Conservatives. That’s when the government reduced all taxes, cut spending, sold lots of the crown corporations and signed a free trade agreements like NAFTA. In this essay about whether Canada should adopt a market economy i’m going to talk about the three advantages to shifting right. The three reasons I think this is a good move for our government

First of all, the assumption behind a market economy is that supply and demand are the best determinants for an economy's growth. The government in a market economy limits the amount of market transactions witch makes more business competition. This means businesses tend to do anything to lower its costs and achieve a higher numbers of sales. Also, prices are set by supply and demand in a market economy plus there is no government intervening in any business. That is a advantages for producer because they can change the prices of their goods they are selling. If you are working hard in this situation you will succeed. For example, the year of 2005 when hurricane Katrina occurred the owners of oil companies spiked there prices resulting in a price gouge. To help their companies succeed. To relate to that, the consumers drive economic decisions by choosing what to buy. To illustrate they use a graphing system and what results in this system is two things, one of them are if the prices goes up, the demand for the product will go down and the supply will go up again this results in a surplus. Secondly, the other result of this graph is if the price goes down like for an example in a sale the demand for that product will sky rocket and the supply will drop resulting in a shortage. As you can tell this is a huge advantage to a society. Supply and demand is a massive advantage of shifting

For example, in Canada they have the Canadian Charter of Rights and Freedoms with fundamental freedoms section 2, points A-D explaining Canadians citizens have the freedom to be any religion, freedom of speech, assembly and association. However, in the United States they have the Bill of Rights and the first Amendment says “ Congress shall make no law respecting an establishment of religion, or prohibiting a free exercise of religion or abridging the freedom of speech, the freedom of the press, the right to peaceably assemble , or to petition for government for a redress of grievances.” The charter explains that you can be free as who you are but, the Bill of Rights explain that there is no law to do so you are free to do what you choose. Another example of freedom and choice in a market economy is when you work for a radio station in the United States they can play whatever artist and type of music but in Canada because they are a mixed economy they have to play a certain amount of Canadian singers in order to stay in business. Freedom of choice is a huge beneficial characteristic to have in your