This week in economics class we did lots of researching in and out of class in order to develop opinions on The Affordable Heath Care Act that is that main focus of world news today.  I feel that this should not have been passed.  This act is a seven foot stack of regulations that make doctors jobs much more difficult than they have to be.  I am led to ask what human being has actually read this?  Probably no one, not even President Obama.  This Health Care act is unfair because some people who do not even use ObamaCare will be paying for others who use it for regular visits to the doctor.  Another problem with ObamaCare is that it destroys jobs because private insurance companies will be unable to compete with a product that the United States government is giving out for "free".

This week in Economics class we began a stock market game.  I decided to invest in FedEx Toyota, Rock Star Gaming, and Apple electronics.  Right now I am slowly on the rise again.  I was once in 7th place and now I am in 13th place.  I’m not sure what exactly happened but if I did not sell Google my rank would probably be a lot worse than it is now.  This assignment has helped me to realize how quickly and how often the value of a stock changes.  This field does seem interesting and very exciting because these transactions affect millions of people throughout the world.

3rd blog post

This week in Econ we picked a partner and acted as Karal Marx and Adam Smith acting as if they were having a conversation.  This included quotes from the two men and improvised lines based on things they would have said based on their views.  Then after we did this we had a potluck meal.  Then on Friday the day of our test we watched a video that supported the free enterprise system.  This video made a lot of great points.  It gave one example of communism comparing it to a class room in which all the students in a class room will distribute the points they earn equally.  In this scenario all of the students even the F students of the class room disagreed to this system.  So if this system doesn't even appeal to a small group such as a group of high school students then how is this effective for a nation?

This week in Economics Class Reflective Blog 9/5/13

This week in Economics class started with us taking a test.  I was triumphant in this with a 93% on my first test, not bad.  Anyway back to the topic; we mainly have been focusing on the different types of ways to run an economy and how they affect the countries that use these methods.  We learned about a man who lived in the 1800's named Karl Marx who was the famous writer of the books Das Kapital and the Communist Manifesto.  Marx inspired the governments of many countries mainly located in Eurasia to become communist.  Today we watched several videos about what daily life is/was like in the Former Soviet Union, Iran, North Korea and Cuba.  There are some major flaws in these countries' governments.  These governments all limit speech to the point that citizens were unable to even truthfully respond to the American reporter's questions.  In the Soviet Union the government decided what you be when you grow up from the time you eight years old.  This is unfair because it doesn't allow equal opportunity for citizens.  There is a problem with the concept of a government providing for all people.  Lets say there are two people who both have the same high paying job.  One person is a hard working individual who is a veteran and very skilled at what they do.  The other person is a slob who doesn't care and shows up to work late everyday and was lazy.  Should these two people both have the same high paying job just because the government feels they are obligated to?  Or would a capitalist based society that promotes an equal chance of success for all citizens and a higher competition for jobs run better?