Arguments Against Government Intervention

Foremost as Government intervention is kept at a limited level several issues that generally arise with government intervention including corruption, lack of a self-interest push force and poor circulation of information within the market is prevented allowing individual incentives to work as hard as possible to achieve as much as possible.

As the capitalist economy is dependent on the push factor of individuals, there is no limit to the level of wealth an individual can assume late through progression within the economy.

Capitalism allows individuals choice both in commodity purchase and employment opportunities. It allows resources to be distributed according to consumer choice rearing the market in a more productive consumer friendly range.

Through capitalism firms are inclined to produce with greater efficiency, by cutting cost and improving efficiency becomes an aim to prevent losses in an industry where competition is high bettering the economy as a whole [10] .

In such industries company effectively respond to changes in consumer

Starting with the bartering system which led to slavery system, then the Feudalism followed by mercantilism then to capitalism. It was suggested by the classical school of economics that government role should not be removed from economic system but, its role should be limited only to protect individual rights and providing public goods and services. History reveals that government is necessary and its role has expanded. We cannot deny that without government intervention we would have fail. With government intervention capitalism has develop over the years. Government involve in the form of nationalization, welfare and fiscal policies and minimum wage laws which adds to the development of capitalism. In the world today pure capitalism is not practiced but rather a mix economy by former capitalist states like the United State where government plays a more important role in market