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Examples of government failure include regulatory capture and regulatory arbitrage. Government failure may arise because of unanticipated consequences of a government intervention, or because an inefficient outcome is more politically feasible than a Pareto improvement to it. Government failure can be on both the demand side and the supply side.
The US government has shut down ten times over the past 40-plus years. Meanwhile, in other countries, governments keep functioning, even in the midst of wars and constitutional crises. So why does ...
Bremmer pointed to a lack of planning as the third reason why U.S. withdrawal from Afghanistan went poorly, noting a failure to prepare for worst-case outcomes. "Even if the intelligence is wrong ...
In the United States, government shutdowns occur when funding legislation required to finance the federal government is not enacted before the next fiscal year begins. In a shutdown, the federal government curtails agency activities and services, ceases non-essential operations, furloughs non-essential workers, and retains only essential employees in departments that protect human life or ...
why would the government shut down? The president-elect is also urging lawmakers to approve more government borrowing by addressing the nation's debt ceiling before he takes office on Jan. 20.
Societal collapse (also known as civilizational collapse or systems collapse) is the fall of a complex human society characterized by the loss of cultural identity and of social complexity as an adaptive system, the downfall of government, and the rise of violence. [1]
The reduction in spending by those households combined with the reduction of government services could have macroeconomic results similar to a typical recession. [165] The shutdown had an adverse effect on the budgets of state and local governments, as states covered some federal services (particularly the most vulnerable) during the shutdown.
It failed to get a vote in the Senate. 2013 — With President Barack Obama in the White House, a bipartisan group of senators, nicknamed the Gang of 8, negotiated an immigration reform bill that ...