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According to Giplin liberalism is the most appropriate form of economicperspective that should be embraced in the world The reason is that themain target of liberalism is optimizing the capital accumulation bycreating a good business climate and not considering the consequencesof employment or social well-being Giplin 1987 Although liberalismhad advantages on the opinions and thoughts of a few scholars likeGilpin ideas based on economic nationalism and Marxism continues todominate the global community Fulcher 2004 The state in liberalism focuses on those who gain from capitalaccumulation The stat would cut taxes for segments of the economy orspecifically for wealthy people when the taxes seem to be high orburdensome In this case the economy is stimulated because when taxesare cut to a low level then the amount of savings increase and hence thelevel of investment also increases For the industry and businesssectors tax cutting encourages saving and investment in theinfrastructure and their operations In turn this would generate moreincome profits and business The entire society would eventuallybenefit from it because the benefits would eventually reach many peoplein the society Giplin values liberalism because it is directed towardsthe growth of the economy and minimizing the spending on welfare and thesafety net for poor When the government spends more on welfareprograms the poor people would take their time in finding jobs Bycutting down on welfare the government would have more recourse toinvest in infrastructure and more important issues As a result thewelfare of more people in the society would increase and hence theeconomy Giplin 1987 The other side of liberalism focuses on minimizing the politicalintervention activates in the market Giplin argues that the world welive in is one of the best described by the idea of economic nationalismand by those of Marxism as well Giplin makes this claim based on anumber of factors First they newly witnessed economic crisis hasraised the need for political intervention of the markets in order toget the markets absolute power In addition the
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