Question:
A minimalist state enables a fairer and more competitive economy.

Romney believes the best way to improve society is not to spend huge amounts of taxpayer dollars on inefficient government programs, but rather to tax citizens less and allow free-market innovation to improve the quality of life in America. Low taxes are necessary to stimulate innovation and the growth of business because people and businesses are self-interested; they will only invest when they believe they will get the profits from their investment and lowering taxes mean that they will get more of the profit from their investment.[1] At the same time government is a poor manager of the economy because small numbers of people cannot calculate all the effects of central planning and the impact it will have on individuals choices, essentially the market is simply too complex for the government to master so the best option is to reduce government interference as much as possible.[2] For this reason, Romney’s policy preference of lower taxes is coupled with a proposal to cut spending on a wide range of social programs.

Romney also outright rejects the idea of “redistribution” of wealth [3], believing it is unfair to those who have worked hard to build businesses and establish their own well-being. The protection of private property is central to the American political system, and taking from one group of citizens to give to another violates the right of private property. [4] In addition to being unfair, it is impractical, as it creates a disincentive for business people to further increase their wealth by working and investing in businesses that would grow the economy and create more jobs.[5]

[1] Thurow, Lester C., “Profits”, The Concise Encyclopedia of Economics, 2nd Ed., 2008, Library of Economics and Liberty, http://www.econlib.org/library/Enc/Profits.html

[2] "Friedrich August Hayek." The Concise Encyclopedia of Economics. 2nd ed., 2008. Library of Economics and Liberty. http://www.econlib.org/library/Enc/bios/Hayek.html

[3] Becker, Kyle: “Mitt Romney: We believe in free markets and free people, not wealth “redistribution””, Independent Journal Review, September 19 2012, http://www.ijreview.com/2012/09/16615-mitt-romney-free-markets-and-free-peoples/

[4] Dorn, James A.: “Ending Tax Socialism” September 16 1996, http://www.cato.org/publications/commentary/ending-tax-socialism , accessed 8/10/2012

[5] Li, Wenli & Satre, Pierre-Daniel: “Growth Effects of Progressive Taxes”, US Federal Reserve, November 2001, http://www.federalreserve.gov/pubs/feds/2002/200203/200203pap.pdf

The private sector has indeed been the source of much innovation that has led to improvements in standards of living. However the problem with relying solely on the private sector for social welfare, is that it can only improve the lives of those who can pay for it! It may well be the case that healthcare is better under the private sector, but if only the top 60% (say) of the country can afford it, there is a big problem! Moreover, as has already been mentioned, there is often insufficient financial incentive for the private sector to invest in certain areas, like pharmaceutical development or green energy research. Here, the government must step in and in the interest of public welfare provide the investment needed.

High level-taxation on wealthy individuals may be hard on them, but ultimately is desirable. Ethically speaking, we need to balance the harm of a millionaire losing a small portion of his or her wealth, with the enormous social good that can arise if that wealth was spent on social welfare programs. An extent of “redistribution” of wealth is thus fair and just.

The change need not be dramatic; it need not apply to all oil revenues at once. For example only revenues from new fields could go into the independent fund while existing revenues to the government are maintained. Services therefore won’t need to undergo contraction.

The impact on politics would also be minor; people elect those who get things done not those who blame others for their problems. Moreover all of the politicians will have the same constraint of a lack of funds so no single party will have an unfair advantage.

The bidding process is not too long and does not tie up funds or land that would otherwise be developed. Furthermore, the Olympic bidding process would not be as difficult, expensive or long if the benefits to the eventual victor were not deemed worth all the time and effort. The unsuccessful bids are not wasted, the plans drawn up and experience of the process can be utilized for later bids. Moreover, the exposure granted to land earmarked for Olympic redevelopment can both generate interest in the area and lead to further development in the area regardless of an unsuccessful Olympic bid. The bidding process is now open and trustworthy. Whilst the 1998 Salt Lake City scandal did reveal huge levels of endemic corruption, IOC president Jacques Rogge has taken significant steps to stamp it out. Cities can now be confident that the best bid will win and that they should not be put of bidding to host because they fear they will lose simply for not being corrupt enough.

The bribery of foreign officials cannot be fought by international means efficiently if the level of corruption at the national level is high. It depends on the political will of national governments, the activities of civil society and other social conditions that exists inside the state. This explains why in many countries there has been little enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials. [1] In most OECD countries the political will to prosecute major bribery cases is lacking. This explains why international efforts to combat corruption are inefficient.

[1] Transparency International, ‘2008 Progress Report on Enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions’, 22 June 2008, http://www.transparency.org/news_room/in_focus/2008/4th_oecd_progress_report

Businesses are concerned with their bottom line. They will pay workers as little as possible in order to maximize profits. Certainly in some businesses employers require highly skilled workers for which they will be willing to pay competitive wages. However, the people who most require worker protection, those on minimum wage, are generally unskilled and interchangeable with a large body of potential employees. For this reason there is little impetus to pay workers at the lowest echelons of firms anything but the lowest possible wages. Even if some firms are willing to offer comparatively higher wages to entice honest and diligent non-skilled workers, the overall wage schedule will be depressed as far as is economically possible.

A range of health programs are already available. Many employers offer health insurance and some people deliberately choose to work for such companies for these benefits, even if the pay is a little lower. Other plans can be purchased by individuals with no need to rely on an employer. This means they are free to choose the level of care which is most appropriate to their needs. For other people it can be perfectly reasonable to decide to go without health insurance. Healthy younger adults will on average save money by choosing not to pay high insurance premiums, covering any necessary treatment out of their own pockets from time to time. Why should the state take away all these people’s freedom of choice by imposing a one-size-fits-all socialist system of health care?

Human resources professionals will still be needed to deal with the very many other employment regulations put in place by the federal government. Instead of employees being able to exercise control over their health care choices and work with people in their company, patients will be forced to deal with the nameless, faceless members of the government bureaucracy.

This leads to patients requesting drugs they do not need and in many cases are even harmful to them.

The prescription drugs are very different from freely available drugs. They often treat serious diseases, and so advertising those should target mainly people that are very ill and especially vulnerable. On the other hand, with direct-to-consumer advertising, many people who do not have a serious disease become convinced that they need the prescription drug, because the advertisements scare them.

Because of such advertisement, in the U.S. there was a rapid widespread exposure to dangerous drugs before risks were fully recognized, as with troglitazone (Rezulin) for diabetes and cisapride (Propulsid) for nighttime heartburn. Causing people to become more ill instead of healthier, because this leads to a higher “self-diagnosing”. [1]

[1] Health Information Action, Direct-to-Consumer Prescription Drug Advertising The European Commission’s Proposals for Legislative Change, September 2011, http://www.haiweb.org/campaign/DTCA/BMintzes_en.pdf , accessed 08/07/2011

While people do indeed need proper rest and downtime in order to perform to their maximum potential, exactly how much rest they need changes from individual to individual. A "one size fits all" approach through legislation will necessarily mean that some people who could work quite comfortably with no ill effects will be prevented from doing so.

The choice to work or not rightly belongs to them, as does even their decision to risk their health. It might be worth it to someone to take a chance on sleep deprivation in order to earn more pay.

Training is indeed the answer but it makes sense for this to be done on the job rather than simply in lecture theatres. Where there are skills gaps these gaps should be filled by encouraging and paying for temporary jobs to help fill those roles. In this way the young people involved will gain the skills for an area of the economy where there are vacancies.

To tackle gender discrepancies an engendered strategy is required on land, not only housing.

For example, Gulyani and Connors (2002) illustrate the Kalingalinga slum upgrading project in Zambia resulted in negative effects for women. Following investment in slum upgrading the proportion of female-headed households declined with a rise in the proportion of renters and relocations. Slum upgrading raised living costs to women, and without legal land rights female-headed households were forced to relocate and resettle.

There are several reasons why health care should not be considered a universal human right.

The first issue is one of definition – how do we define the services that need to be rendered in order for them to qualify as adequate health care? Where do we draw the line? Emergency surgery, sure, but how about cosmetic surgery?

The second is that all human rights have a clear addressee, an entity that needs to protect this right. But who is targeted here? The government? What if we opt for a private yet universal health coverage – is this any less moral? Let’s forget the institutions for a second, should this moral duty of health care fall solely on the doctors perhaps? [1]

In essence, viewing health care as a right robs us of another, much more essential one – that of the right to one’s own life and one’s livelihood. If it is not considered a service to be rendered, than how could a doctor charge for it? She couldn’t! If it were a right, than each of us would own it, it would have to be inseparable from us. Yet, we don’t and we can’t. [2]

We can see that considering health care as a basic human right has profound philosophical problems, not the least of them the fact that it infringes on the rights of others.

[1] Barlow, P., Health care is not a human right, published 7/31/1999, http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1126951/ , accessed 9/18/2011

[2] Sade, R., The Political Fallacy that Medical Care is a Right, published 12/2/1971, http://www.aapsonline.org/brochures/sademcr.htm , accessed 9/18/2011

Instruction: Given a claim, retrieve documents that refute the claim


Question:
Paying off national debt via austerity measures would free-up money used for interest payments

The first of the baby boomers start retiring in 2011 and, as a result, qualify for Medicare. There are 78 million people in this generation and all of the statistics suggest that they are likely to live significantly longer than previous retiring generations [i] . As a result the US has some very big bills coming in the next few years and a decreasing base of those working and paying tax revenue to pay them.

This is really not the time to be wasting money on interest for deficits built up to support programmes that are unnecessary. Paying down the debt frees up tax revenue for much needed support, both financial and medical, for seniors as they retire.

[i] Laurence J. Kotlikoff and Scott Burns. “The Coming Generational Storm.” MIT Press 2004.

The single biggest impact the US government, or any government, can have on the economy is what it does with its own money. By creating jobs through public expenditure it stimulates local economies and creates growth.

Proponents of the baby boomer crisis theory also ignore one very significant fact – these people did not cause a financial crisis before they started working in the late sixties. It also seems unlikely that all of them will stop work as life expectancies are now much longer than in the middle of the last century and a majority can be expected to remain economically active.

The change need not be dramatic; it need not apply to all oil revenues at once. For example only revenues from new fields could go into the independent fund while existing revenues to the government are maintained. Services therefore won’t need to undergo contraction.

The impact on politics would also be minor; people elect those who get things done not those who blame others for their problems. Moreover all of the politicians will have the same constraint of a lack of funds so no single party will have an unfair advantage.

The bidding process is not too long and does not tie up funds or land that would otherwise be developed. Furthermore, the Olympic bidding process would not be as difficult, expensive or long if the benefits to the eventual victor were not deemed worth all the time and effort. The unsuccessful bids are not wasted, the plans drawn up and experience of the process can be utilized for later bids. Moreover, the exposure granted to land earmarked for Olympic redevelopment can both generate interest in the area and lead to further development in the area regardless of an unsuccessful Olympic bid. The bidding process is now open and trustworthy. Whilst the 1998 Salt Lake City scandal did reveal huge levels of endemic corruption, IOC president Jacques Rogge has taken significant steps to stamp it out. Cities can now be confident that the best bid will win and that they should not be put of bidding to host because they fear they will lose simply for not being corrupt enough.

The bribery of foreign officials cannot be fought by international means efficiently if the level of corruption at the national level is high. It depends on the political will of national governments, the activities of civil society and other social conditions that exists inside the state. This explains why in many countries there has been little enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials. [1] In most OECD countries the political will to prosecute major bribery cases is lacking. This explains why international efforts to combat corruption are inefficient.

[1] Transparency International, ‘2008 Progress Report on Enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions’, 22 June 2008, http://www.transparency.org/news_room/in_focus/2008/4th_oecd_progress_report

Businesses are concerned with their bottom line. They will pay workers as little as possible in order to maximize profits. Certainly in some businesses employers require highly skilled workers for which they will be willing to pay competitive wages. However, the people who most require worker protection, those on minimum wage, are generally unskilled and interchangeable with a large body of potential employees. For this reason there is little impetus to pay workers at the lowest echelons of firms anything but the lowest possible wages. Even if some firms are willing to offer comparatively higher wages to entice honest and diligent non-skilled workers, the overall wage schedule will be depressed as far as is economically possible.

A range of health programs are already available. Many employers offer health insurance and some people deliberately choose to work for such companies for these benefits, even if the pay is a little lower. Other plans can be purchased by individuals with no need to rely on an employer. This means they are free to choose the level of care which is most appropriate to their needs. For other people it can be perfectly reasonable to decide to go without health insurance. Healthy younger adults will on average save money by choosing not to pay high insurance premiums, covering any necessary treatment out of their own pockets from time to time. Why should the state take away all these people’s freedom of choice by imposing a one-size-fits-all socialist system of health care?

Human resources professionals will still be needed to deal with the very many other employment regulations put in place by the federal government. Instead of employees being able to exercise control over their health care choices and work with people in their company, patients will be forced to deal with the nameless, faceless members of the government bureaucracy.

This leads to patients requesting drugs they do not need and in many cases are even harmful to them.

The prescription drugs are very different from freely available drugs. They often treat serious diseases, and so advertising those should target mainly people that are very ill and especially vulnerable. On the other hand, with direct-to-consumer advertising, many people who do not have a serious disease become convinced that they need the prescription drug, because the advertisements scare them.

Because of such advertisement, in the U.S. there was a rapid widespread exposure to dangerous drugs before risks were fully recognized, as with troglitazone (Rezulin) for diabetes and cisapride (Propulsid) for nighttime heartburn. Causing people to become more ill instead of healthier, because this leads to a higher “self-diagnosing”. [1]

[1] Health Information Action, Direct-to-Consumer Prescription Drug Advertising The European Commission’s Proposals for Legislative Change, September 2011, http://www.haiweb.org/campaign/DTCA/BMintzes_en.pdf , accessed 08/07/2011

While people do indeed need proper rest and downtime in order to perform to their maximum potential, exactly how much rest they need changes from individual to individual. A "one size fits all" approach through legislation will necessarily mean that some people who could work quite comfortably with no ill effects will be prevented from doing so.

The choice to work or not rightly belongs to them, as does even their decision to risk their health. It might be worth it to someone to take a chance on sleep deprivation in order to earn more pay.

Training is indeed the answer but it makes sense for this to be done on the job rather than simply in lecture theatres. Where there are skills gaps these gaps should be filled by encouraging and paying for temporary jobs to help fill those roles. In this way the young people involved will gain the skills for an area of the economy where there are vacancies.

To tackle gender discrepancies an engendered strategy is required on land, not only housing.

For example, Gulyani and Connors (2002) illustrate the Kalingalinga slum upgrading project in Zambia resulted in negative effects for women. Following investment in slum upgrading the proportion of female-headed households declined with a rise in the proportion of renters and relocations. Slum upgrading raised living costs to women, and without legal land rights female-headed households were forced to relocate and resettle.

There are several reasons why health care should not be considered a universal human right.

The first issue is one of definition – how do we define the services that need to be rendered in order for them to qualify as adequate health care? Where do we draw the line? Emergency surgery, sure, but how about cosmetic surgery?

The second is that all human rights have a clear addressee, an entity that needs to protect this right. But who is targeted here? The government? What if we opt for a private yet universal health coverage – is this any less moral? Let’s forget the institutions for a second, should this moral duty of health care fall solely on the doctors perhaps? [1]

In essence, viewing health care as a right robs us of another, much more essential one – that of the right to one’s own life and one’s livelihood. If it is not considered a service to be rendered, than how could a doctor charge for it? She couldn’t! If it were a right, than each of us would own it, it would have to be inseparable from us. Yet, we don’t and we can’t. [2]

We can see that considering health care as a basic human right has profound philosophical problems, not the least of them the fact that it infringes on the rights of others.

[1] Barlow, P., Health care is not a human right, published 7/31/1999, http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1126951/ , accessed 9/18/2011

[2] Sade, R., The Political Fallacy that Medical Care is a Right, published 12/2/1971, http://www.aapsonline.org/brochures/sademcr.htm , accessed 9/18/2011

Instruction: Given a claim, retrieve documents that refute the claim


Question:
Many of the reasons for operating a debt have now been eliminated

At the end of the Clinton presidency the government was running at a healthy surplus following the longest sustained period of growth in US history. Bush Chose to spend that on tax cuts and two extremely expensive wars (the War in Iraq was the mostly costly war, in relative terms, in US history except for WWII). Obama was landed with the problems that Bush created, but has chosen to extend spending rather than control the deficit.As The country is no longer at war, there is no real reason to be running at a deficit.

Alan Greenspan, and many others, have pointed out that the impact of continued deficits is likely to be higher interest rates – at a time when the country can ill afford them – which will hurt the economy. [i]

[i] Mark Gongloff. “Greenspan Warns Against Deficits”. CNN. 26 February 2004.

The only ways to control the deficit, other than stimulating growth and the tax revenues it produces, would be either to cut services or to increase taxes. Both actions would harm the longer term objective of stimulating growth as they both take cash out of the real economy.

By contrast, focusing on domestic spending to restart the economy will produce long term stability; whether through stimulus packages or other methods.

The idea that there is no need to run at a deficit during a time of recession is absurd. In the light of the financial challenges currently faced by the US, but also in the longer term, it is vital that the government has the ability to run its expenses at a deficit to act as a stimulus.

The reality is that it is in the interests of everyone, not just Americans, for the US government to be able to spend relatively freely. Surpluses are nice but they are a luxury the world’s financial engine can rarely afford.

The change need not be dramatic; it need not apply to all oil revenues at once. For example only revenues from new fields could go into the independent fund while existing revenues to the government are maintained. Services therefore won’t need to undergo contraction.

The impact on politics would also be minor; people elect those who get things done not those who blame others for their problems. Moreover all of the politicians will have the same constraint of a lack of funds so no single party will have an unfair advantage.

The bidding process is not too long and does not tie up funds or land that would otherwise be developed. Furthermore, the Olympic bidding process would not be as difficult, expensive or long if the benefits to the eventual victor were not deemed worth all the time and effort. The unsuccessful bids are not wasted, the plans drawn up and experience of the process can be utilized for later bids. Moreover, the exposure granted to land earmarked for Olympic redevelopment can both generate interest in the area and lead to further development in the area regardless of an unsuccessful Olympic bid. The bidding process is now open and trustworthy. Whilst the 1998 Salt Lake City scandal did reveal huge levels of endemic corruption, IOC president Jacques Rogge has taken significant steps to stamp it out. Cities can now be confident that the best bid will win and that they should not be put of bidding to host because they fear they will lose simply for not being corrupt enough.

The bribery of foreign officials cannot be fought by international means efficiently if the level of corruption at the national level is high. It depends on the political will of national governments, the activities of civil society and other social conditions that exists inside the state. This explains why in many countries there has been little enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials. [1] In most OECD countries the political will to prosecute major bribery cases is lacking. This explains why international efforts to combat corruption are inefficient.

[1] Transparency International, ‘2008 Progress Report on Enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions’, 22 June 2008, http://www.transparency.org/news_room/in_focus/2008/4th_oecd_progress_report

Businesses are concerned with their bottom line. They will pay workers as little as possible in order to maximize profits. Certainly in some businesses employers require highly skilled workers for which they will be willing to pay competitive wages. However, the people who most require worker protection, those on minimum wage, are generally unskilled and interchangeable with a large body of potential employees. For this reason there is little impetus to pay workers at the lowest echelons of firms anything but the lowest possible wages. Even if some firms are willing to offer comparatively higher wages to entice honest and diligent non-skilled workers, the overall wage schedule will be depressed as far as is economically possible.

A range of health programs are already available. Many employers offer health insurance and some people deliberately choose to work for such companies for these benefits, even if the pay is a little lower. Other plans can be purchased by individuals with no need to rely on an employer. This means they are free to choose the level of care which is most appropriate to their needs. For other people it can be perfectly reasonable to decide to go without health insurance. Healthy younger adults will on average save money by choosing not to pay high insurance premiums, covering any necessary treatment out of their own pockets from time to time. Why should the state take away all these people’s freedom of choice by imposing a one-size-fits-all socialist system of health care?

Human resources professionals will still be needed to deal with the very many other employment regulations put in place by the federal government. Instead of employees being able to exercise control over their health care choices and work with people in their company, patients will be forced to deal with the nameless, faceless members of the government bureaucracy.

This leads to patients requesting drugs they do not need and in many cases are even harmful to them.

The prescription drugs are very different from freely available drugs. They often treat serious diseases, and so advertising those should target mainly people that are very ill and especially vulnerable. On the other hand, with direct-to-consumer advertising, many people who do not have a serious disease become convinced that they need the prescription drug, because the advertisements scare them.

Because of such advertisement, in the U.S. there was a rapid widespread exposure to dangerous drugs before risks were fully recognized, as with troglitazone (Rezulin) for diabetes and cisapride (Propulsid) for nighttime heartburn. Causing people to become more ill instead of healthier, because this leads to a higher “self-diagnosing”. [1]

[1] Health Information Action, Direct-to-Consumer Prescription Drug Advertising The European Commission’s Proposals for Legislative Change, September 2011, http://www.haiweb.org/campaign/DTCA/BMintzes_en.pdf , accessed 08/07/2011

While people do indeed need proper rest and downtime in order to perform to their maximum potential, exactly how much rest they need changes from individual to individual. A "one size fits all" approach through legislation will necessarily mean that some people who could work quite comfortably with no ill effects will be prevented from doing so.

The choice to work or not rightly belongs to them, as does even their decision to risk their health. It might be worth it to someone to take a chance on sleep deprivation in order to earn more pay.

Training is indeed the answer but it makes sense for this to be done on the job rather than simply in lecture theatres. Where there are skills gaps these gaps should be filled by encouraging and paying for temporary jobs to help fill those roles. In this way the young people involved will gain the skills for an area of the economy where there are vacancies.

To tackle gender discrepancies an engendered strategy is required on land, not only housing.

For example, Gulyani and Connors (2002) illustrate the Kalingalinga slum upgrading project in Zambia resulted in negative effects for women. Following investment in slum upgrading the proportion of female-headed households declined with a rise in the proportion of renters and relocations. Slum upgrading raised living costs to women, and without legal land rights female-headed households were forced to relocate and resettle.

There are several reasons why health care should not be considered a universal human right.

The first issue is one of definition – how do we define the services that need to be rendered in order for them to qualify as adequate health care? Where do we draw the line? Emergency surgery, sure, but how about cosmetic surgery?

The second is that all human rights have a clear addressee, an entity that needs to protect this right. But who is targeted here? The government? What if we opt for a private yet universal health coverage – is this any less moral? Let’s forget the institutions for a second, should this moral duty of health care fall solely on the doctors perhaps? [1]

In essence, viewing health care as a right robs us of another, much more essential one – that of the right to one’s own life and one’s livelihood. If it is not considered a service to be rendered, than how could a doctor charge for it? She couldn’t! If it were a right, than each of us would own it, it would have to be inseparable from us. Yet, we don’t and we can’t. [2]

We can see that considering health care as a basic human right has profound philosophical problems, not the least of them the fact that it infringes on the rights of others.

[1] Barlow, P., Health care is not a human right, published 7/31/1999, http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1126951/ , accessed 9/18/2011

[2] Sade, R., The Political Fallacy that Medical Care is a Right, published 12/2/1971, http://www.aapsonline.org/brochures/sademcr.htm , accessed 9/18/2011

Instruction: Given a claim, retrieve documents that refute the claim


Question:
Governments need to live within their means

Ultimately the US Government has to pay its bill just like everyone else. Ultimately maintaining a permanent deficit harms the economy creating both inflationary pressures and effecting interest rates.

However, these pressures are not the main source of concern. Although deficits in times of plenty are a grave concern, during a recession most economist agree that deficits may be necessary. However, the US is no longer ‘mostly in debt to itself’ as has been the case in the past. [i]

Increasingly, its debt is owned by the major Asian economies; especially China. The implications should conflict arise between the two are severe as China, effectively has the capacity to bankrupt the US and the dollar at a time of its own choosing.

[i] John W. Schoen. “Just who Owns the US National Debt?” MSNBC 3 April 2007

It is incredibly unlikely that China would ever call in its debts as any damage done to the dollar would be fairly insignificant compared to the impact on China’s own economy and currency.

America can afford to service its debts and doing so is a major stimulus to the global economy. Nobody has an interest in breaking the dollar, as doing so would cause a run on every bank in the world – including the Bank of China. China holds reserves roughly equivalent to M1 – cash in circulation in the US (although it’s worth nothing this represents about four percent of the actual dollars in the world) and so a massive release of dollar-denominated assets would hurt the dollar greatly. The results would see the price of oil, and most other commodities, skyrocket as they are priced in dollars and would bring the entire global financial system to a halt. China has no interest in either of these things happening.

The change need not be dramatic; it need not apply to all oil revenues at once. For example only revenues from new fields could go into the independent fund while existing revenues to the government are maintained. Services therefore won’t need to undergo contraction.

The impact on politics would also be minor; people elect those who get things done not those who blame others for their problems. Moreover all of the politicians will have the same constraint of a lack of funds so no single party will have an unfair advantage.

The bidding process is not too long and does not tie up funds or land that would otherwise be developed. Furthermore, the Olympic bidding process would not be as difficult, expensive or long if the benefits to the eventual victor were not deemed worth all the time and effort. The unsuccessful bids are not wasted, the plans drawn up and experience of the process can be utilized for later bids. Moreover, the exposure granted to land earmarked for Olympic redevelopment can both generate interest in the area and lead to further development in the area regardless of an unsuccessful Olympic bid. The bidding process is now open and trustworthy. Whilst the 1998 Salt Lake City scandal did reveal huge levels of endemic corruption, IOC president Jacques Rogge has taken significant steps to stamp it out. Cities can now be confident that the best bid will win and that they should not be put of bidding to host because they fear they will lose simply for not being corrupt enough.

The bribery of foreign officials cannot be fought by international means efficiently if the level of corruption at the national level is high. It depends on the political will of national governments, the activities of civil society and other social conditions that exists inside the state. This explains why in many countries there has been little enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials. [1] In most OECD countries the political will to prosecute major bribery cases is lacking. This explains why international efforts to combat corruption are inefficient.

[1] Transparency International, ‘2008 Progress Report on Enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions’, 22 June 2008, http://www.transparency.org/news_room/in_focus/2008/4th_oecd_progress_report

Businesses are concerned with their bottom line. They will pay workers as little as possible in order to maximize profits. Certainly in some businesses employers require highly skilled workers for which they will be willing to pay competitive wages. However, the people who most require worker protection, those on minimum wage, are generally unskilled and interchangeable with a large body of potential employees. For this reason there is little impetus to pay workers at the lowest echelons of firms anything but the lowest possible wages. Even if some firms are willing to offer comparatively higher wages to entice honest and diligent non-skilled workers, the overall wage schedule will be depressed as far as is economically possible.

A range of health programs are already available. Many employers offer health insurance and some people deliberately choose to work for such companies for these benefits, even if the pay is a little lower. Other plans can be purchased by individuals with no need to rely on an employer. This means they are free to choose the level of care which is most appropriate to their needs. For other people it can be perfectly reasonable to decide to go without health insurance. Healthy younger adults will on average save money by choosing not to pay high insurance premiums, covering any necessary treatment out of their own pockets from time to time. Why should the state take away all these people’s freedom of choice by imposing a one-size-fits-all socialist system of health care?

Human resources professionals will still be needed to deal with the very many other employment regulations put in place by the federal government. Instead of employees being able to exercise control over their health care choices and work with people in their company, patients will be forced to deal with the nameless, faceless members of the government bureaucracy.

This leads to patients requesting drugs they do not need and in many cases are even harmful to them.

The prescription drugs are very different from freely available drugs. They often treat serious diseases, and so advertising those should target mainly people that are very ill and especially vulnerable. On the other hand, with direct-to-consumer advertising, many people who do not have a serious disease become convinced that they need the prescription drug, because the advertisements scare them.

Because of such advertisement, in the U.S. there was a rapid widespread exposure to dangerous drugs before risks were fully recognized, as with troglitazone (Rezulin) for diabetes and cisapride (Propulsid) for nighttime heartburn. Causing people to become more ill instead of healthier, because this leads to a higher “self-diagnosing”. [1]

[1] Health Information Action, Direct-to-Consumer Prescription Drug Advertising The European Commission’s Proposals for Legislative Change, September 2011, http://www.haiweb.org/campaign/DTCA/BMintzes_en.pdf , accessed 08/07/2011

While people do indeed need proper rest and downtime in order to perform to their maximum potential, exactly how much rest they need changes from individual to individual. A "one size fits all" approach through legislation will necessarily mean that some people who could work quite comfortably with no ill effects will be prevented from doing so.

The choice to work or not rightly belongs to them, as does even their decision to risk their health. It might be worth it to someone to take a chance on sleep deprivation in order to earn more pay.

Training is indeed the answer but it makes sense for this to be done on the job rather than simply in lecture theatres. Where there are skills gaps these gaps should be filled by encouraging and paying for temporary jobs to help fill those roles. In this way the young people involved will gain the skills for an area of the economy where there are vacancies.

To tackle gender discrepancies an engendered strategy is required on land, not only housing.

For example, Gulyani and Connors (2002) illustrate the Kalingalinga slum upgrading project in Zambia resulted in negative effects for women. Following investment in slum upgrading the proportion of female-headed households declined with a rise in the proportion of renters and relocations. Slum upgrading raised living costs to women, and without legal land rights female-headed households were forced to relocate and resettle.

There are several reasons why health care should not be considered a universal human right.

The first issue is one of definition – how do we define the services that need to be rendered in order for them to qualify as adequate health care? Where do we draw the line? Emergency surgery, sure, but how about cosmetic surgery?

The second is that all human rights have a clear addressee, an entity that needs to protect this right. But who is targeted here? The government? What if we opt for a private yet universal health coverage – is this any less moral? Let’s forget the institutions for a second, should this moral duty of health care fall solely on the doctors perhaps? [1]

In essence, viewing health care as a right robs us of another, much more essential one – that of the right to one’s own life and one’s livelihood. If it is not considered a service to be rendered, than how could a doctor charge for it? She couldn’t! If it were a right, than each of us would own it, it would have to be inseparable from us. Yet, we don’t and we can’t. [2]

We can see that considering health care as a basic human right has profound philosophical problems, not the least of them the fact that it infringes on the rights of others.

[1] Barlow, P., Health care is not a human right, published 7/31/1999, http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1126951/ , accessed 9/18/2011

[2] Sade, R., The Political Fallacy that Medical Care is a Right, published 12/2/1971, http://www.aapsonline.org/brochures/sademcr.htm , accessed 9/18/2011

Instruction: Given a claim, retrieve documents that refute the claim


Question:
A recession is not the point at whcih debts should be paid back. The state should focus on job creation strategies

It would be the height of irresponsibility for the US government to even think about giving anything a higher economic priority than the creation of jobs at a time when unemployment is running at 9.1%.

It is essential that the federal government uses its economic muscle to get Americans working again rather than settling fairly obscure points of economic theory.

Taking money out of the system will cost jobs and hurt business, it will also lead to redundancies in the public sector. Ultimately it would be self-defeating. Admittedly, the Bush regime should have been running the economy at a surplus but it didn’t and that is the reality that the current government needs to deal with.

At some point the US needs to come to terms with its debts and a gradual collapse of confidence in the US’s ability to pay its debts will not help the American economy or anyone else’s. With a declining tax base – both as a result of unemployment and an increasing burden of economic inactivity through retirement, the government will increasingly have to demonstrate that it is ‘good for the money’ rather than just assuming that something will turn up.

Despite hundreds of billions poured into the economy since the start of Obama’s time in office, the economy remains stagnant. As a result it’s time for the government to demonstrate that it can use austerity as well as largesse to solve the problem.

The change need not be dramatic; it need not apply to all oil revenues at once. For example only revenues from new fields could go into the independent fund while existing revenues to the government are maintained. Services therefore won’t need to undergo contraction.

The impact on politics would also be minor; people elect those who get things done not those who blame others for their problems. Moreover all of the politicians will have the same constraint of a lack of funds so no single party will have an unfair advantage.

The bidding process is not too long and does not tie up funds or land that would otherwise be developed. Furthermore, the Olympic bidding process would not be as difficult, expensive or long if the benefits to the eventual victor were not deemed worth all the time and effort. The unsuccessful bids are not wasted, the plans drawn up and experience of the process can be utilized for later bids. Moreover, the exposure granted to land earmarked for Olympic redevelopment can both generate interest in the area and lead to further development in the area regardless of an unsuccessful Olympic bid. The bidding process is now open and trustworthy. Whilst the 1998 Salt Lake City scandal did reveal huge levels of endemic corruption, IOC president Jacques Rogge has taken significant steps to stamp it out. Cities can now be confident that the best bid will win and that they should not be put of bidding to host because they fear they will lose simply for not being corrupt enough.

The bribery of foreign officials cannot be fought by international means efficiently if the level of corruption at the national level is high. It depends on the political will of national governments, the activities of civil society and other social conditions that exists inside the state. This explains why in many countries there has been little enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials. [1] In most OECD countries the political will to prosecute major bribery cases is lacking. This explains why international efforts to combat corruption are inefficient.

[1] Transparency International, ‘2008 Progress Report on Enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions’, 22 June 2008, http://www.transparency.org/news_room/in_focus/2008/4th_oecd_progress_report

Businesses are concerned with their bottom line. They will pay workers as little as possible in order to maximize profits. Certainly in some businesses employers require highly skilled workers for which they will be willing to pay competitive wages. However, the people who most require worker protection, those on minimum wage, are generally unskilled and interchangeable with a large body of potential employees. For this reason there is little impetus to pay workers at the lowest echelons of firms anything but the lowest possible wages. Even if some firms are willing to offer comparatively higher wages to entice honest and diligent non-skilled workers, the overall wage schedule will be depressed as far as is economically possible.

A range of health programs are already available. Many employers offer health insurance and some people deliberately choose to work for such companies for these benefits, even if the pay is a little lower. Other plans can be purchased by individuals with no need to rely on an employer. This means they are free to choose the level of care which is most appropriate to their needs. For other people it can be perfectly reasonable to decide to go without health insurance. Healthy younger adults will on average save money by choosing not to pay high insurance premiums, covering any necessary treatment out of their own pockets from time to time. Why should the state take away all these people’s freedom of choice by imposing a one-size-fits-all socialist system of health care?

Human resources professionals will still be needed to deal with the very many other employment regulations put in place by the federal government. Instead of employees being able to exercise control over their health care choices and work with people in their company, patients will be forced to deal with the nameless, faceless members of the government bureaucracy.

This leads to patients requesting drugs they do not need and in many cases are even harmful to them.

The prescription drugs are very different from freely available drugs. They often treat serious diseases, and so advertising those should target mainly people that are very ill and especially vulnerable. On the other hand, with direct-to-consumer advertising, many people who do not have a serious disease become convinced that they need the prescription drug, because the advertisements scare them.

Because of such advertisement, in the U.S. there was a rapid widespread exposure to dangerous drugs before risks were fully recognized, as with troglitazone (Rezulin) for diabetes and cisapride (Propulsid) for nighttime heartburn. Causing people to become more ill instead of healthier, because this leads to a higher “self-diagnosing”. [1]

[1] Health Information Action, Direct-to-Consumer Prescription Drug Advertising The European Commission’s Proposals for Legislative Change, September 2011, http://www.haiweb.org/campaign/DTCA/BMintzes_en.pdf , accessed 08/07/2011

While people do indeed need proper rest and downtime in order to perform to their maximum potential, exactly how much rest they need changes from individual to individual. A "one size fits all" approach through legislation will necessarily mean that some people who could work quite comfortably with no ill effects will be prevented from doing so.

The choice to work or not rightly belongs to them, as does even their decision to risk their health. It might be worth it to someone to take a chance on sleep deprivation in order to earn more pay.

Training is indeed the answer but it makes sense for this to be done on the job rather than simply in lecture theatres. Where there are skills gaps these gaps should be filled by encouraging and paying for temporary jobs to help fill those roles. In this way the young people involved will gain the skills for an area of the economy where there are vacancies.

To tackle gender discrepancies an engendered strategy is required on land, not only housing.

For example, Gulyani and Connors (2002) illustrate the Kalingalinga slum upgrading project in Zambia resulted in negative effects for women. Following investment in slum upgrading the proportion of female-headed households declined with a rise in the proportion of renters and relocations. Slum upgrading raised living costs to women, and without legal land rights female-headed households were forced to relocate and resettle.

There are several reasons why health care should not be considered a universal human right.

The first issue is one of definition – how do we define the services that need to be rendered in order for them to qualify as adequate health care? Where do we draw the line? Emergency surgery, sure, but how about cosmetic surgery?

The second is that all human rights have a clear addressee, an entity that needs to protect this right. But who is targeted here? The government? What if we opt for a private yet universal health coverage – is this any less moral? Let’s forget the institutions for a second, should this moral duty of health care fall solely on the doctors perhaps? [1]

In essence, viewing health care as a right robs us of another, much more essential one – that of the right to one’s own life and one’s livelihood. If it is not considered a service to be rendered, than how could a doctor charge for it? She couldn’t! If it were a right, than each of us would own it, it would have to be inseparable from us. Yet, we don’t and we can’t. [2]

We can see that considering health care as a basic human right has profound philosophical problems, not the least of them the fact that it infringes on the rights of others.

[1] Barlow, P., Health care is not a human right, published 7/31/1999, http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1126951/ , accessed 9/18/2011

[2] Sade, R., The Political Fallacy that Medical Care is a Right, published 12/2/1971, http://www.aapsonline.org/brochures/sademcr.htm , accessed 9/18/2011

Instruction: Given a claim, retrieve documents that refute the claim


Question:
Nobody is going to risk financial instability in the US by calling in the principle sum on the loans that it has taken out

There really is no problem with the Federal Government running at a deficit virtually permanently – as it has for most of its history. There is no threat of a default as this would require any lender to commit financial suicide as a result.

The deficit allows the most powerful economic actor on earth to act as a stimulus to those in smaller roles. Paying down the debt reduces money supply and, ultimately, contracts the economy. By relying on the savings of nations like China, through bonds and other instruments, the US is furthering its traditional role of being the primary engine of global economic growth. [i]

[i] Rich Millar. “Democrats Rubin, Schwarz Clash on Spending Versus Deficit Cuts”. Bloomberg. 11 June 2007.

This may well have been the case when a AAA credit rating could simply be taken for granted but it is no longer the case. Standard and Poor has down-graded America’s credit rating [i] and China looks set to follow suit [ii] .

A lower rating means paying higher interest on government borrowing. This is new territory for the US; an economy that has no experience of anything other than top ratings. Suddenly all that money from China doesn’t look so cheap and the engine of the world economy is running in to trouble. It’s time to stop being reliant on other people’s money.

[i] Robert Peston. “US Loses AAA Credit Rating After S&P Downgrade”. BBC. 6 August 2011.

[ii] Peter Beaumont. “Chinese Ratings Agency Threatens US With New Debt Downgrade.” The Guardian. 12 November 2011.

The change need not be dramatic; it need not apply to all oil revenues at once. For example only revenues from new fields could go into the independent fund while existing revenues to the government are maintained. Services therefore won’t need to undergo contraction.

The impact on politics would also be minor; people elect those who get things done not those who blame others for their problems. Moreover all of the politicians will have the same constraint of a lack of funds so no single party will have an unfair advantage.

The bidding process is not too long and does not tie up funds or land that would otherwise be developed. Furthermore, the Olympic bidding process would not be as difficult, expensive or long if the benefits to the eventual victor were not deemed worth all the time and effort. The unsuccessful bids are not wasted, the plans drawn up and experience of the process can be utilized for later bids. Moreover, the exposure granted to land earmarked for Olympic redevelopment can both generate interest in the area and lead to further development in the area regardless of an unsuccessful Olympic bid. The bidding process is now open and trustworthy. Whilst the 1998 Salt Lake City scandal did reveal huge levels of endemic corruption, IOC president Jacques Rogge has taken significant steps to stamp it out. Cities can now be confident that the best bid will win and that they should not be put of bidding to host because they fear they will lose simply for not being corrupt enough.

The bribery of foreign officials cannot be fought by international means efficiently if the level of corruption at the national level is high. It depends on the political will of national governments, the activities of civil society and other social conditions that exists inside the state. This explains why in many countries there has been little enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials. [1] In most OECD countries the political will to prosecute major bribery cases is lacking. This explains why international efforts to combat corruption are inefficient.

[1] Transparency International, ‘2008 Progress Report on Enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions’, 22 June 2008, http://www.transparency.org/news_room/in_focus/2008/4th_oecd_progress_report

Businesses are concerned with their bottom line. They will pay workers as little as possible in order to maximize profits. Certainly in some businesses employers require highly skilled workers for which they will be willing to pay competitive wages. However, the people who most require worker protection, those on minimum wage, are generally unskilled and interchangeable with a large body of potential employees. For this reason there is little impetus to pay workers at the lowest echelons of firms anything but the lowest possible wages. Even if some firms are willing to offer comparatively higher wages to entice honest and diligent non-skilled workers, the overall wage schedule will be depressed as far as is economically possible.

A range of health programs are already available. Many employers offer health insurance and some people deliberately choose to work for such companies for these benefits, even if the pay is a little lower. Other plans can be purchased by individuals with no need to rely on an employer. This means they are free to choose the level of care which is most appropriate to their needs. For other people it can be perfectly reasonable to decide to go without health insurance. Healthy younger adults will on average save money by choosing not to pay high insurance premiums, covering any necessary treatment out of their own pockets from time to time. Why should the state take away all these people’s freedom of choice by imposing a one-size-fits-all socialist system of health care?

Human resources professionals will still be needed to deal with the very many other employment regulations put in place by the federal government. Instead of employees being able to exercise control over their health care choices and work with people in their company, patients will be forced to deal with the nameless, faceless members of the government bureaucracy.

This leads to patients requesting drugs they do not need and in many cases are even harmful to them.

The prescription drugs are very different from freely available drugs. They often treat serious diseases, and so advertising those should target mainly people that are very ill and especially vulnerable. On the other hand, with direct-to-consumer advertising, many people who do not have a serious disease become convinced that they need the prescription drug, because the advertisements scare them.

Because of such advertisement, in the U.S. there was a rapid widespread exposure to dangerous drugs before risks were fully recognized, as with troglitazone (Rezulin) for diabetes and cisapride (Propulsid) for nighttime heartburn. Causing people to become more ill instead of healthier, because this leads to a higher “self-diagnosing”. [1]

[1] Health Information Action, Direct-to-Consumer Prescription Drug Advertising The European Commission’s Proposals for Legislative Change, September 2011, http://www.haiweb.org/campaign/DTCA/BMintzes_en.pdf , accessed 08/07/2011

While people do indeed need proper rest and downtime in order to perform to their maximum potential, exactly how much rest they need changes from individual to individual. A "one size fits all" approach through legislation will necessarily mean that some people who could work quite comfortably with no ill effects will be prevented from doing so.

The choice to work or not rightly belongs to them, as does even their decision to risk their health. It might be worth it to someone to take a chance on sleep deprivation in order to earn more pay.

Training is indeed the answer but it makes sense for this to be done on the job rather than simply in lecture theatres. Where there are skills gaps these gaps should be filled by encouraging and paying for temporary jobs to help fill those roles. In this way the young people involved will gain the skills for an area of the economy where there are vacancies.

To tackle gender discrepancies an engendered strategy is required on land, not only housing.

For example, Gulyani and Connors (2002) illustrate the Kalingalinga slum upgrading project in Zambia resulted in negative effects for women. Following investment in slum upgrading the proportion of female-headed households declined with a rise in the proportion of renters and relocations. Slum upgrading raised living costs to women, and without legal land rights female-headed households were forced to relocate and resettle.

There are several reasons why health care should not be considered a universal human right.

The first issue is one of definition – how do we define the services that need to be rendered in order for them to qualify as adequate health care? Where do we draw the line? Emergency surgery, sure, but how about cosmetic surgery?

The second is that all human rights have a clear addressee, an entity that needs to protect this right. But who is targeted here? The government? What if we opt for a private yet universal health coverage – is this any less moral? Let’s forget the institutions for a second, should this moral duty of health care fall solely on the doctors perhaps? [1]

In essence, viewing health care as a right robs us of another, much more essential one – that of the right to one’s own life and one’s livelihood. If it is not considered a service to be rendered, than how could a doctor charge for it? She couldn’t! If it were a right, than each of us would own it, it would have to be inseparable from us. Yet, we don’t and we can’t. [2]

We can see that considering health care as a basic human right has profound philosophical problems, not the least of them the fact that it infringes on the rights of others.

[1] Barlow, P., Health care is not a human right, published 7/31/1999, http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1126951/ , accessed 9/18/2011

[2] Sade, R., The Political Fallacy that Medical Care is a Right, published 12/2/1971, http://www.aapsonline.org/brochures/sademcr.htm , accessed 9/18/2011

Instruction: Given a claim, retrieve documents that refute the claim


Question:
The US should focus on divising ways in which to pay the medicare and medicaid bills faced by its population

The realities facing the US government are that it has two separate sets of bills to pay. On one hand there are those to central banks and overseas investors. The others are to its own citizens who have been giving the government their tax dollars over the course of a working lifetime on the understanding that they would recoup that money in healthcare and other benefits at a later stage.

The priority has to be domestic expenditure.

If China moves to recall the trillion dollars or so that they are owed because they no longer trust US debt, or even just to offload it, the effect on the average American would be devastating. The benefits in increased exports would be more than compromised by increased costs for basic goods and services. Inflationary pressures would become severe and interest rates – one of the Fed’s primary tools in fighting the recession – would be forced to rise to combat it.

It simply makes no sense to run the risk of the sort of collapse that would ensue if the government loses the ability to borrow because of a lack of confidence.

The change need not be dramatic; it need not apply to all oil revenues at once. For example only revenues from new fields could go into the independent fund while existing revenues to the government are maintained. Services therefore won’t need to undergo contraction.

The impact on politics would also be minor; people elect those who get things done not those who blame others for their problems. Moreover all of the politicians will have the same constraint of a lack of funds so no single party will have an unfair advantage.

The bidding process is not too long and does not tie up funds or land that would otherwise be developed. Furthermore, the Olympic bidding process would not be as difficult, expensive or long if the benefits to the eventual victor were not deemed worth all the time and effort. The unsuccessful bids are not wasted, the plans drawn up and experience of the process can be utilized for later bids. Moreover, the exposure granted to land earmarked for Olympic redevelopment can both generate interest in the area and lead to further development in the area regardless of an unsuccessful Olympic bid. The bidding process is now open and trustworthy. Whilst the 1998 Salt Lake City scandal did reveal huge levels of endemic corruption, IOC president Jacques Rogge has taken significant steps to stamp it out. Cities can now be confident that the best bid will win and that they should not be put of bidding to host because they fear they will lose simply for not being corrupt enough.

The bribery of foreign officials cannot be fought by international means efficiently if the level of corruption at the national level is high. It depends on the political will of national governments, the activities of civil society and other social conditions that exists inside the state. This explains why in many countries there has been little enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials. [1] In most OECD countries the political will to prosecute major bribery cases is lacking. This explains why international efforts to combat corruption are inefficient.

[1] Transparency International, ‘2008 Progress Report on Enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions’, 22 June 2008, http://www.transparency.org/news_room/in_focus/2008/4th_oecd_progress_report

Businesses are concerned with their bottom line. They will pay workers as little as possible in order to maximize profits. Certainly in some businesses employers require highly skilled workers for which they will be willing to pay competitive wages. However, the people who most require worker protection, those on minimum wage, are generally unskilled and interchangeable with a large body of potential employees. For this reason there is little impetus to pay workers at the lowest echelons of firms anything but the lowest possible wages. Even if some firms are willing to offer comparatively higher wages to entice honest and diligent non-skilled workers, the overall wage schedule will be depressed as far as is economically possible.

A range of health programs are already available. Many employers offer health insurance and some people deliberately choose to work for such companies for these benefits, even if the pay is a little lower. Other plans can be purchased by individuals with no need to rely on an employer. This means they are free to choose the level of care which is most appropriate to their needs. For other people it can be perfectly reasonable to decide to go without health insurance. Healthy younger adults will on average save money by choosing not to pay high insurance premiums, covering any necessary treatment out of their own pockets from time to time. Why should the state take away all these people’s freedom of choice by imposing a one-size-fits-all socialist system of health care?

Human resources professionals will still be needed to deal with the very many other employment regulations put in place by the federal government. Instead of employees being able to exercise control over their health care choices and work with people in their company, patients will be forced to deal with the nameless, faceless members of the government bureaucracy.

This leads to patients requesting drugs they do not need and in many cases are even harmful to them.

The prescription drugs are very different from freely available drugs. They often treat serious diseases, and so advertising those should target mainly people that are very ill and especially vulnerable. On the other hand, with direct-to-consumer advertising, many people who do not have a serious disease become convinced that they need the prescription drug, because the advertisements scare them.

Because of such advertisement, in the U.S. there was a rapid widespread exposure to dangerous drugs before risks were fully recognized, as with troglitazone (Rezulin) for diabetes and cisapride (Propulsid) for nighttime heartburn. Causing people to become more ill instead of healthier, because this leads to a higher “self-diagnosing”. [1]

[1] Health Information Action, Direct-to-Consumer Prescription Drug Advertising The European Commission’s Proposals for Legislative Change, September 2011, http://www.haiweb.org/campaign/DTCA/BMintzes_en.pdf , accessed 08/07/2011

While people do indeed need proper rest and downtime in order to perform to their maximum potential, exactly how much rest they need changes from individual to individual. A "one size fits all" approach through legislation will necessarily mean that some people who could work quite comfortably with no ill effects will be prevented from doing so.

The choice to work or not rightly belongs to them, as does even their decision to risk their health. It might be worth it to someone to take a chance on sleep deprivation in order to earn more pay.

Training is indeed the answer but it makes sense for this to be done on the job rather than simply in lecture theatres. Where there are skills gaps these gaps should be filled by encouraging and paying for temporary jobs to help fill those roles. In this way the young people involved will gain the skills for an area of the economy where there are vacancies.

To tackle gender discrepancies an engendered strategy is required on land, not only housing.

For example, Gulyani and Connors (2002) illustrate the Kalingalinga slum upgrading project in Zambia resulted in negative effects for women. Following investment in slum upgrading the proportion of female-headed households declined with a rise in the proportion of renters and relocations. Slum upgrading raised living costs to women, and without legal land rights female-headed households were forced to relocate and resettle.

There are several reasons why health care should not be considered a universal human right.

The first issue is one of definition – how do we define the services that need to be rendered in order for them to qualify as adequate health care? Where do we draw the line? Emergency surgery, sure, but how about cosmetic surgery?

The second is that all human rights have a clear addressee, an entity that needs to protect this right. But who is targeted here? The government? What if we opt for a private yet universal health coverage – is this any less moral? Let’s forget the institutions for a second, should this moral duty of health care fall solely on the doctors perhaps? [1]

In essence, viewing health care as a right robs us of another, much more essential one – that of the right to one’s own life and one’s livelihood. If it is not considered a service to be rendered, than how could a doctor charge for it? She couldn’t! If it were a right, than each of us would own it, it would have to be inseparable from us. Yet, we don’t and we can’t. [2]

We can see that considering health care as a basic human right has profound philosophical problems, not the least of them the fact that it infringes on the rights of others.

[1] Barlow, P., Health care is not a human right, published 7/31/1999, http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1126951/ , accessed 9/18/2011

[2] Sade, R., The Political Fallacy that Medical Care is a Right, published 12/2/1971, http://www.aapsonline.org/brochures/sademcr.htm , accessed 9/18/2011

Instruction: Given a claim, retrieve documents that refute the claim


Question:
Eurobonds even up interest rates within the Union

Introducing Eurobonds will lower interest rates for bonds issued by national governments so making the loans affordable. The most recent example of this problem is the need of recapitalization of banks in Cyprus. Although government debt and interest rates were not the direct problem if the government had been able to borrow at low interest rates to recapitalize its own banks then it would have not needed a bailout from the rest of the Eurozone. [1] In order to avoid these kinds of solutions and put people back to work in countries like Portugal, Italy or Spain, national governments need a bigger demand for their bonds so that interest rates go down.

Right now, sovereign-bonds are not affordable for the government as their interest rates are extremely high. Greece has an interest rate of 9.01%, Portugal 6.23%, and Italy and Spain near 4.30%. [2] If we choose to bundle the bonds together we will obtain a single interest rate that will lower the price of bonds and permit countries to borrow more, the price would be closer to Germany’s than Greece’s as the Eurozone as a whole is not more risky than other big economies. More than that, the markets won’t be worry anymore of the possible default of countries like Greece; as the bonds are backed up by the ECB and indirectly by other countries in the union, the debtors will know that their loans will be repaid because in the last resort more financially solvent countries take on the burden. When the risk of default is eliminated, the demand for government bonds will rise and the interest rates will go down. It is estimated that Italy could save up to 4% of its GDP [3] and Portugal would see annual repayments fall by 15bn euros, or 8% of its GDP. [4]

[1] Soros, George, ‘How to save the European Union’, theguardian.com, 9 April 2013, http://www.theguardian.com/business/2013/apr/09/eurozone-crisis-germany-eurobonds

[2] Bloomberg, ‘Rates & Bonds’, accessed 15 October 2013, http://www.bloomberg.com/markets/rates-bonds/

[3] Soros, George, ‘How to save the European Union’, theguardian.com, 9 April 2013, http://www.theguardian.com/business/2013/apr/09/eurozone-crisis-germany-eurobonds

[4] Soros, George, ‘How to save the European Union’, theguardian.com, 9 April 2013, http://www.theguardian.com/business/2013/apr/09/eurozone-crisis-germany-eurobonds

There are some assumptions made in the construction of this argument. First of all, you can’t hide the risk from the economic community. There is no guarantee that when issuing Eurobonds, the interest rates will drop. This is happening for two main reasons.

Firstly, according to the proposition model, the bonds will still be issued at a national level, showing investors if the money is going to Spain, Italy or Germany, France. While these should in theory have the same interest rates will investors really buy Eurobonds where the money is destined for Greece if not getting much interest? Perception still matters to the markets; will Greece and Germany really suddenly be perceived in the same way.

Secondly, even if the European Union decides to borrow money as a whole, its image is not a good one. Everybody knows the major problems that the union is facing right now so it is possible that concerns about the stability of the Euro as a whole will mean Eurobonds drive interest rates up, not down. Greece was still downgraded after its first bailout from CCC to C by the Fitch Financial Service even if the money were backed up by the ECB, being backed by the whole zone did not change the local fundamentals. [1]

[1] AP/AFP, ‘Greek Credit Downgraded Even With Bailout’, Voice of America, 21 February 2012, http://www.voanews.com/content/greek-credit-downgraded-even-with-bailout-139975563/152377.html

The change need not be dramatic; it need not apply to all oil revenues at once. For example only revenues from new fields could go into the independent fund while existing revenues to the government are maintained. Services therefore won’t need to undergo contraction.

The impact on politics would also be minor; people elect those who get things done not those who blame others for their problems. Moreover all of the politicians will have the same constraint of a lack of funds so no single party will have an unfair advantage.

The bidding process is not too long and does not tie up funds or land that would otherwise be developed. Furthermore, the Olympic bidding process would not be as difficult, expensive or long if the benefits to the eventual victor were not deemed worth all the time and effort. The unsuccessful bids are not wasted, the plans drawn up and experience of the process can be utilized for later bids. Moreover, the exposure granted to land earmarked for Olympic redevelopment can both generate interest in the area and lead to further development in the area regardless of an unsuccessful Olympic bid. The bidding process is now open and trustworthy. Whilst the 1998 Salt Lake City scandal did reveal huge levels of endemic corruption, IOC president Jacques Rogge has taken significant steps to stamp it out. Cities can now be confident that the best bid will win and that they should not be put of bidding to host because they fear they will lose simply for not being corrupt enough.

The bribery of foreign officials cannot be fought by international means efficiently if the level of corruption at the national level is high. It depends on the political will of national governments, the activities of civil society and other social conditions that exists inside the state. This explains why in many countries there has been little enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials. [1] In most OECD countries the political will to prosecute major bribery cases is lacking. This explains why international efforts to combat corruption are inefficient.

[1] Transparency International, ‘2008 Progress Report on Enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions’, 22 June 2008, http://www.transparency.org/news_room/in_focus/2008/4th_oecd_progress_report

Businesses are concerned with their bottom line. They will pay workers as little as possible in order to maximize profits. Certainly in some businesses employers require highly skilled workers for which they will be willing to pay competitive wages. However, the people who most require worker protection, those on minimum wage, are generally unskilled and interchangeable with a large body of potential employees. For this reason there is little impetus to pay workers at the lowest echelons of firms anything but the lowest possible wages. Even if some firms are willing to offer comparatively higher wages to entice honest and diligent non-skilled workers, the overall wage schedule will be depressed as far as is economically possible.

A range of health programs are already available. Many employers offer health insurance and some people deliberately choose to work for such companies for these benefits, even if the pay is a little lower. Other plans can be purchased by individuals with no need to rely on an employer. This means they are free to choose the level of care which is most appropriate to their needs. For other people it can be perfectly reasonable to decide to go without health insurance. Healthy younger adults will on average save money by choosing not to pay high insurance premiums, covering any necessary treatment out of their own pockets from time to time. Why should the state take away all these people’s freedom of choice by imposing a one-size-fits-all socialist system of health care?

Human resources professionals will still be needed to deal with the very many other employment regulations put in place by the federal government. Instead of employees being able to exercise control over their health care choices and work with people in their company, patients will be forced to deal with the nameless, faceless members of the government bureaucracy.

This leads to patients requesting drugs they do not need and in many cases are even harmful to them.

The prescription drugs are very different from freely available drugs. They often treat serious diseases, and so advertising those should target mainly people that are very ill and especially vulnerable. On the other hand, with direct-to-consumer advertising, many people who do not have a serious disease become convinced that they need the prescription drug, because the advertisements scare them.

Because of such advertisement, in the U.S. there was a rapid widespread exposure to dangerous drugs before risks were fully recognized, as with troglitazone (Rezulin) for diabetes and cisapride (Propulsid) for nighttime heartburn. Causing people to become more ill instead of healthier, because this leads to a higher “self-diagnosing”. [1]

[1] Health Information Action, Direct-to-Consumer Prescription Drug Advertising The European Commission’s Proposals for Legislative Change, September 2011, http://www.haiweb.org/campaign/DTCA/BMintzes_en.pdf , accessed 08/07/2011

While people do indeed need proper rest and downtime in order to perform to their maximum potential, exactly how much rest they need changes from individual to individual. A "one size fits all" approach through legislation will necessarily mean that some people who could work quite comfortably with no ill effects will be prevented from doing so.

The choice to work or not rightly belongs to them, as does even their decision to risk their health. It might be worth it to someone to take a chance on sleep deprivation in order to earn more pay.

Training is indeed the answer but it makes sense for this to be done on the job rather than simply in lecture theatres. Where there are skills gaps these gaps should be filled by encouraging and paying for temporary jobs to help fill those roles. In this way the young people involved will gain the skills for an area of the economy where there are vacancies.

To tackle gender discrepancies an engendered strategy is required on land, not only housing.

For example, Gulyani and Connors (2002) illustrate the Kalingalinga slum upgrading project in Zambia resulted in negative effects for women. Following investment in slum upgrading the proportion of female-headed households declined with a rise in the proportion of renters and relocations. Slum upgrading raised living costs to women, and without legal land rights female-headed households were forced to relocate and resettle.

There are several reasons why health care should not be considered a universal human right.

The first issue is one of definition – how do we define the services that need to be rendered in order for them to qualify as adequate health care? Where do we draw the line? Emergency surgery, sure, but how about cosmetic surgery?

The second is that all human rights have a clear addressee, an entity that needs to protect this right. But who is targeted here? The government? What if we opt for a private yet universal health coverage – is this any less moral? Let’s forget the institutions for a second, should this moral duty of health care fall solely on the doctors perhaps? [1]

In essence, viewing health care as a right robs us of another, much more essential one – that of the right to one’s own life and one’s livelihood. If it is not considered a service to be rendered, than how could a doctor charge for it? She couldn’t! If it were a right, than each of us would own it, it would have to be inseparable from us. Yet, we don’t and we can’t. [2]

We can see that considering health care as a basic human right has profound philosophical problems, not the least of them the fact that it infringes on the rights of others.

[1] Barlow, P., Health care is not a human right, published 7/31/1999, http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1126951/ , accessed 9/18/2011

[2] Sade, R., The Political Fallacy that Medical Care is a Right, published 12/2/1971, http://www.aapsonline.org/brochures/sademcr.htm , accessed 9/18/2011

Instruction: Given a claim, retrieve documents that refute the claim


Question:
The long term benefits of Eurobonds

The European Union should not only focus on the present but also try to find a permanent solution in resolving and preventing economic crisis. The solution that is implemented right now through the European Stability Mechanism is a temporary one and has no power in preventing further crisis. First of all, the failure of the European Union to agree on banks bailout is a good example. [1] As economic affairs commissioner Olli Rehn admitted the bailout negotiations have been "a long and difficult process" [2] because of the many institutions and ministers that have a say in making the decision. More than that, it sometimes takes weeks and even months until Germany and other leaders in the union can convince national parliaments to give money in order for us to be able to help those in need.

Issuing bonds as a union of countries will provide more control to the ECB that will be able to approve or deny a loan – one option would be that after a certain limit countries would have to borrow on their own. [3] This will prevent countries from borrowing and spending irrationally like Greece, Portugal, Spain and Italy did in the past. The unsustainable economic approach can be easily seen in the fact that public sector wages in Greece rose 50% between 1999 and 2007 - far faster than in most other Eurozone countries. [4] Clearly Greece could make the choice to go separately to the market to fund this kind of spending but it would be unlikely to do so.

[1] Spiegel, Peter, ‘EU fails to agree on bank bailout rules’, The Financial Times, 22 June 2013, http://www.ft.com/intl/cms/s/0/8bbfdf84-daeb-11e2-a237-00144feab7de.html#axzz2hG9t5YAS

[2] Fox, Benjamin, ‘Ministers finalise €10 billion Cyprus bailout’, euobserver.com, 13 April 2013, http://euobserver.com/economic/119782

[3] Plumer, Brad, ‘Can “Eurobonds” fix Europe?’, The Washington Post, 29 May 2012, http://www.washingtonpost.com/blogs/wonkblog/post/why-eurobonds-wont-be-enough-to-fix-europe/2012/05/29/gJQACjR1yU_blog.html

[4] BBC News, ‘Eurozone crisis explained’, 27 November 2012, http://www.bbc.co.uk/news/business-13798000

The problem with long-term regulations is not that they do not exist but rather the fact that they are not imposed. There is no need for further control and regulation when the European Union already has a mechanism that will prevent economic crisis if it is stuck to. The Maastricht Treaty clearly states that countries in the European Union shall not have a government deficit that exceeds 3% of the GDP and the government debt was limited to be no larger than 60% of the GDP. [1] These measures should be enough to prevent any country in the union to collapse. The major problem was that the Maastricht Treaty was not respected by the member states and little or no sanctions were imposed to ensure compliance. Even comparatively stable countries have deficits above 3%, France had a deficit of 4.8% in last year. [2] The simple solution would be keeping the regulation of the already existing treaty and sanction countries that exceed their deficits and not impose new rules.

[1] Euro economics, ‘Maastricht Treaty’, http://www.unc.edu/depts/europe/euroeconomics/Maastricht%20Treaty.php

[2] The World Factbook, ‘Budget surplus (+) or Deficit (-)’, cia.gov, 2013, https://www.cia.gov/library/publications/the-world-factbook/fields/2222.html

The change need not be dramatic; it need not apply to all oil revenues at once. For example only revenues from new fields could go into the independent fund while existing revenues to the government are maintained. Services therefore won’t need to undergo contraction.

The impact on politics would also be minor; people elect those who get things done not those who blame others for their problems. Moreover all of the politicians will have the same constraint of a lack of funds so no single party will have an unfair advantage.

The bidding process is not too long and does not tie up funds or land that would otherwise be developed. Furthermore, the Olympic bidding process would not be as difficult, expensive or long if the benefits to the eventual victor were not deemed worth all the time and effort. The unsuccessful bids are not wasted, the plans drawn up and experience of the process can be utilized for later bids. Moreover, the exposure granted to land earmarked for Olympic redevelopment can both generate interest in the area and lead to further development in the area regardless of an unsuccessful Olympic bid. The bidding process is now open and trustworthy. Whilst the 1998 Salt Lake City scandal did reveal huge levels of endemic corruption, IOC president Jacques Rogge has taken significant steps to stamp it out. Cities can now be confident that the best bid will win and that they should not be put of bidding to host because they fear they will lose simply for not being corrupt enough.

The bribery of foreign officials cannot be fought by international means efficiently if the level of corruption at the national level is high. It depends on the political will of national governments, the activities of civil society and other social conditions that exists inside the state. This explains why in many countries there has been little enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials. [1] In most OECD countries the political will to prosecute major bribery cases is lacking. This explains why international efforts to combat corruption are inefficient.

[1] Transparency International, ‘2008 Progress Report on Enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions’, 22 June 2008, http://www.transparency.org/news_room/in_focus/2008/4th_oecd_progress_report

Businesses are concerned with their bottom line. They will pay workers as little as possible in order to maximize profits. Certainly in some businesses employers require highly skilled workers for which they will be willing to pay competitive wages. However, the people who most require worker protection, those on minimum wage, are generally unskilled and interchangeable with a large body of potential employees. For this reason there is little impetus to pay workers at the lowest echelons of firms anything but the lowest possible wages. Even if some firms are willing to offer comparatively higher wages to entice honest and diligent non-skilled workers, the overall wage schedule will be depressed as far as is economically possible.

A range of health programs are already available. Many employers offer health insurance and some people deliberately choose to work for such companies for these benefits, even if the pay is a little lower. Other plans can be purchased by individuals with no need to rely on an employer. This means they are free to choose the level of care which is most appropriate to their needs. For other people it can be perfectly reasonable to decide to go without health insurance. Healthy younger adults will on average save money by choosing not to pay high insurance premiums, covering any necessary treatment out of their own pockets from time to time. Why should the state take away all these people’s freedom of choice by imposing a one-size-fits-all socialist system of health care?

Human resources professionals will still be needed to deal with the very many other employment regulations put in place by the federal government. Instead of employees being able to exercise control over their health care choices and work with people in their company, patients will be forced to deal with the nameless, faceless members of the government bureaucracy.

This leads to patients requesting drugs they do not need and in many cases are even harmful to them.

The prescription drugs are very different from freely available drugs. They often treat serious diseases, and so advertising those should target mainly people that are very ill and especially vulnerable. On the other hand, with direct-to-consumer advertising, many people who do not have a serious disease become convinced that they need the prescription drug, because the advertisements scare them.

Because of such advertisement, in the U.S. there was a rapid widespread exposure to dangerous drugs before risks were fully recognized, as with troglitazone (Rezulin) for diabetes and cisapride (Propulsid) for nighttime heartburn. Causing people to become more ill instead of healthier, because this leads to a higher “self-diagnosing”. [1]

[1] Health Information Action, Direct-to-Consumer Prescription Drug Advertising The European Commission’s Proposals for Legislative Change, September 2011, http://www.haiweb.org/campaign/DTCA/BMintzes_en.pdf , accessed 08/07/2011

While people do indeed need proper rest and downtime in order to perform to their maximum potential, exactly how much rest they need changes from individual to individual. A "one size fits all" approach through legislation will necessarily mean that some people who could work quite comfortably with no ill effects will be prevented from doing so.

The choice to work or not rightly belongs to them, as does even their decision to risk their health. It might be worth it to someone to take a chance on sleep deprivation in order to earn more pay.

Training is indeed the answer but it makes sense for this to be done on the job rather than simply in lecture theatres. Where there are skills gaps these gaps should be filled by encouraging and paying for temporary jobs to help fill those roles. In this way the young people involved will gain the skills for an area of the economy where there are vacancies.

To tackle gender discrepancies an engendered strategy is required on land, not only housing.

For example, Gulyani and Connors (2002) illustrate the Kalingalinga slum upgrading project in Zambia resulted in negative effects for women. Following investment in slum upgrading the proportion of female-headed households declined with a rise in the proportion of renters and relocations. Slum upgrading raised living costs to women, and without legal land rights female-headed households were forced to relocate and resettle.

There are several reasons why health care should not be considered a universal human right.

The first issue is one of definition – how do we define the services that need to be rendered in order for them to qualify as adequate health care? Where do we draw the line? Emergency surgery, sure, but how about cosmetic surgery?

The second is that all human rights have a clear addressee, an entity that needs to protect this right. But who is targeted here? The government? What if we opt for a private yet universal health coverage – is this any less moral? Let’s forget the institutions for a second, should this moral duty of health care fall solely on the doctors perhaps? [1]

In essence, viewing health care as a right robs us of another, much more essential one – that of the right to one’s own life and one’s livelihood. If it is not considered a service to be rendered, than how could a doctor charge for it? She couldn’t! If it were a right, than each of us would own it, it would have to be inseparable from us. Yet, we don’t and we can’t. [2]

We can see that considering health care as a basic human right has profound philosophical problems, not the least of them the fact that it infringes on the rights of others.

[1] Barlow, P., Health care is not a human right, published 7/31/1999, http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1126951/ , accessed 9/18/2011

[2] Sade, R., The Political Fallacy that Medical Care is a Right, published 12/2/1971, http://www.aapsonline.org/brochures/sademcr.htm , accessed 9/18/2011

Instruction: Given a claim, retrieve documents that refute the claim