首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
What Comes Next After the Death of Free Market? When the Covid-19 pandemic struck, world markets came to a standstill. Gover
What Comes Next After the Death of Free Market? When the Covid-19 pandemic struck, world markets came to a standstill. Gover
admin
2022-11-16
38
问题
What Comes Next After the Death of Free Market?
When the Covid-19 pandemic struck, world markets came to a standstill. Governments around the world froze as much in-person economic activity as possible and opened their wallets to spend unprecedented sums of money to replace lost income. In the U.S., Republicans and Democrats agreed to invest record sums, nearly 20% of GDP. For the second time in 12 years, free markets had broken down, and government stepped up.
If the message wasn’t clear before, it’s now become impossible to miss: Government steps in when the going gets rough, ensuring that wealthy risk takers will be bailed out in the worst of times. Markets don’t exist before the state does, and the state doesn’t intervene in their natural work. But the state makes markets possible.
We are witnessing the most profound realignment in American political economy in nearly 40 years. President Ronald Reagan summed up the conventional wisdom that reigned from the mid-1970s onward in the U.S.: "Government is not the solution to our problem, government is the problem." Economists, policymakers and everyday Americans alike generally accepted that markets, unfettered and free, are the best way to create economic growth.
We have had regulations, public investment and macroeconomic management to varying degrees throughout American history. What makes this moment different is people across parties, classes and educational backgrounds are using a new framework to think about how we create prosperity.
The oldest continuously operating farmers’ market in the U.S., the Lancaster Central Market, is in the heart of Pennsylvania Dutch country. But it hasn’t survived through the centuries by luck or good fortune. The market is carefully regulated today and has been through its history. Back in the 18th century, the state designated the market site, and participants selected a market clerk to help with its day-to-day administration. Zoom forward nearly 300 years, and the market continues to function similarly today. In addition to smart regulation, markets need public investment to flourish. In order to facilitate commerce at the Lancaster market, the local government had to invest.
Finally, a managed market recognizes the need for the state to buffer shocks and surprises. When the growth of the suburbs and supermarkets threatened the viability of a central downtown market, local government in Lancaster stepped in to modernize the market, and a nonprofit managing the market helps ensure a balance of vendors that can serve the local community and tourists alike. Today, Amish women wearing traditional bonnets serve fresh-baked pies steps away from a stand of Middle Eastern foods and another selling mozzarella cheese made from local goat’s milk.
At a national level, monetary and fiscal authorities employ macroeconomic policy to mitigate the blows of unexpected crises. Just last year in response to the pandemic, the Federal Reserve took rates to zero, restarted its bond buying program and broke new ground by moving into corporate and municipal debt markets. Meanwhile, political leaders of both parties passed three emergency aid bills to keep tens of millions of Americans out of poverty and tens of thousands of businesses above water.
A. wearing traditional costume provide handmade foods steps away from a stand of Middle Eastern food
B. accepted that markets without restrictions are the best way to create economic growth
C. reached a consensus on investing record sums, nearly one fifth of GDP
D. conducted a new monetary policy in order to boost consumption
E. is carefully regulated all the time
F. passed three emergency aid bills to keep tens of millions of Americans out of poverty
G. concluded that government is the problem if it is not the solution to the problem
The oldest continuously operating farmers’ market
选项
答案
E
解析
题干The oldest continuously operating farmers’ market对应原文第五段第一句“兰开斯特中央市场是美国经营历史最悠久的农贸市场”,第二句But表示转折,说这个市场并不是靠运气好存活下来的。第三句中的is carefully regulated是E项复现,today and has been through its history对应all the time,故选项E为正确答案。
转载请注明原文地址:https://kaotiyun.com/show/r6MD777K
0
考研英语二
相关试题推荐
TheWorldBank,InternationalTelecommunicationsUnion(ITU),GlobalSystemforMobileTelecommunicationsAssociation(GSMA),an
SelectiveNewYorkCitypublichighschoolsaresupposedtomakeiteasyforfamiliestoseetheirdetailedadmissioncriteria,
AstudyinCyberpsychology,Behavior,andSocialNetworkingsuggeststhatartificialintelligenceholdsapromisingfutureinhe
WhatComesNextAftertheDeathofFreeMarket?WhentheCovid-19pandemicstruck,worldmarketscametoastandstill.Gover
Nobodyeverproteststhatanelementaryschoolshouldbedescribedas"manned"insteadof"staffed,"butdaretosuggesta"men
Theworldeconomyhasrunintoabrickwall.Despitecountlesswarningsinrecentyearsabouttheneedtoaddressaloominghung
TheUnitedStatesiswidelyrecognizedtohaveaprivateeconomybecauseprivatelyownedbusinessesplay【C1】________roles.TheA
Duringthelast15years,theEarth’ssurfacetemperatureroseatarateof0.04℃adecade,farslowerthanthe0.18℃)increase
Duringthelast15years,theEarth’ssurfacetemperatureroseatarateof0.04℃adecade,farslowerthanthe0.18℃)increase
随机试题
肝破裂的主要表现是(闭合性)
异烟肼抗结核杆菌的机制是
关于横道图法具有的特性,下列叙述错误的是()。
关于防水工程施工质量事故处理的说法,正确的有()。
会计电算化后,会计人员重新分工是在会计软件进入试用阶段后进行的。()
甲企业(增值税一般纳税人)为白酒生产企业,2018年7月发生以下业务:(1)向某烟酒专卖店销售粮食白酒20吨,开具普通发票,取得含税收入2000000元,另收取品牌使用费500000元。(2)提供100000元(不含税)的原材料委托乙企
左边给定的是纸盒的外表面,下列哪一项能由它折叠而成?
被宣告为无效或被撤销的婚姻,当事人同居期间所得的财产不应当认定为()。
党要始终代表中国先进生产力的发展要求,需要
要建设统一开放、竞争有序的市场体系,实现市场准入畅通、市场开放有序、市场竞争充分、市场秩序规范,加快形成现代市场体系,其特征是()。
最新回复
(
0
)