Keynesian Efforts

     Being from a very non-economical background and having little understanding of these two very different paradigms, this blog challenged me. After doing some research on my own, I was still very perplexed but came to a decision. I think that when dealing with the current agribusiness, agricultural condition, and general economical state of the nation we live in, the Keynesian economic paradigm better describes the "reality" in which the contemporary U.S. industrial food economy resides in currently. The United States is taking leaps and bounds to try to reach a better economical and financial condition. The Keynesian paradigm better fits the current industry than the Neoliberal because of its ability to stimulate the economy and its ability to provide the consumers of America and other countries with reliable regulations and necessary taxation. This approach also stimulates business productivity and growth. In the inauguration speech given by Franklin D. Roosevelt in 1933, the ideals of Keynesianism were laid out as the answer to getting out of the Great Depression. 

     I think that the past few years have been based on a Neoliberal approach and that has not gotten us to a good place. The economy is still very poor and the unemployment rate is sky high.I think the Neoliberal approach is far too dependent on supply and demand to be beneficial to the economy we live in today. Although the United States already is recognized as having a fairly laissez-faire rule over the economy, I think that the use of Neoliberalism would only push the given freedoms to the extremes. There would be no regulations and no standards for the safety and well being of the consumer and producing companies would find ways to drastically increase profits by lowering quality. Neoliberalism also enhances the role of private sector, where goods are not controlled by the government in anyway.