The first source is a quote from Ayn Rand and the extent to which capitalism should be embraced in economics. The quote states the importance of the need for the economy to adopt a much more radical form of laissez-fair capitalism. The sources show the importance of the separation between government and economy. “With a separation between State and economy, in the same way and for the same reason as the separation between State and Church”. The source citation shows Rand's support for an economic system without any government involvement. The ideology presented in the source would accord with the ideology of the philosopher Adam Smith and his belief in a free market economy, to its core. The source would also agree with the policies implemented by US President Ronald Reagan through his Reaganomics economic policy, in which the government sought to have as little involvement in the economy as possible. Rand's ideology favors many individualistic features throughout the economy without outright collectivist features such as welfare and other social programs. The source states that such economic ideologies were never fully realized as there was always a government safety net that interfered with a completely unregulated economy. The ideology of a Rand economy would be based entirely on people's self-interest and individualism, in which consumers would be able to buy what they want from whoever they want, and in which businesses could sell what they want to whoever they want, a system without any government intervention. The source also states the necessity of capitalism for the future of humanity to survive, going well beyond the principles and ideologies of Adam Smith and the classic... half of the document... the first source and illustrates what can happen when implemented an ideology like that of Ayn Rand. The cartoon implies that an economic system without government involvement can lead to economic destruction without a plan b during times of recession. Sources two and three can be linked to their agreement that an economic system that follows collectivist ideologies greatly strengthens an economy much more than an economy that follows individualist ideologies. A system that allows a country to work as a team, rather than against each other, as seen in source two, and that allows for a safety net during times of recession, as seen in source three. All three sources together show the different perspectives on how much the economy should embrace collectivism and individualism. Everyone has their own vision of how to bring the greatest benefits to the country's economy and population.
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