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Application and Reasoning with Public and Private Goods

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Presentation on theme: "Application and Reasoning with Public and Private Goods"— Presentation transcript:

1 Application and Reasoning with Public and Private Goods

2 Why do societies institute governments?

3

4 Excerpt From the Jungle
Why did the factory likely employ such practices? In your own words, what was the most disturbing line/section? Why? Why do you think it took so long to change the meat packing industry? What are the different segments of society represented? Whose responsibility is it to protect society? If the factory changed its practices by itself, how would workers, public, owners be affected? Should the government regulate this industry? Why or why not? Provide ideas for how the government should regulate the industry.

5 Class Discussion What public and private goods were found in the reading? Why did government involvement became necessary in the meat packing industry? Of these current controversial issues what are the type(s) of goods? Opioid crisis, gun control, environmental protection How can the government regulate the distribution of these?

6 Take notes on loose leaf paper to help your answer the following question:
Do you think the Government should be involved in regulating the “fourth Industrial Revolution?” What Public Policy (regulations) would you recommend?

7 https://www.youtube.com/watch?v=qhLvhYFLoWE (6:00)


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