adam smith
Adam smith and John Maynard Kaynes, were both revolutionary for their time. They both believed in big business, but their views on the way those business were run was totally different. Adam Smith was a capitalist and was a socialist. Canada has adopted Adam smith's theory. Simply because it helps the economy more, if you let business run themselves, instead of having them run by governments. Businesses will be around forever, but if governments interfere the economy will suffer.
Businesses should be left alone in order for their success. Adam smiths theory make a lot more sense, then Maynard Keynes idea that governments should regulate business. Canada was adopted Smith's theory as a oppose to Maynards. John Maynard Keynes was a socialist, which meant that, businesses should get involved in business. This could lead to job loss and maybe a recession, again the economy will suffer. He believed in free enterprise and free trade, businesses should be able to do business with other companies, for the economy to grow. ok called "The wealth of Nations", it basically stated that, governments should have no interference in big business. Look to where it has gotten Canada, are economy is booming, like it has never been before. As more technology companies become into existents, governments have idea on how to run those businesses. Which could make a very successful go bust. Disadvantages, high prices means more tax dollars going to the government. Advantages, this may protect the consumer from high prices as one company may control that market, and therefore the price. This has advantages and disadvantages. Therefore the economy may or may not suffer. This would cancel out any chance of a monopoly being formed.
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